The proposal is close to passing

World Liberty Financial’s governance proposal to unlock roughly 62 billion WLFI tokens is on track to pass with near-unanimous support. CoinDesk reported that the vote is nearing approval with overwhelming backing, continuing a governance process that began earlier in April.

This is a major step for the Trump-backed project because it would radically reshape how locked insider and early-holder tokens are handled.

Insider tokens would get a formal vesting schedule

The proposal would place 40.7 billion insider tokens into a structured vesting plan after a two-year cliff. CoinDesk’s earlier and latest reporting says the plan also includes burning around 4.5 billion tokens, roughly 10% of insider holdings, before the remaining insider allocation begins unlocking over time.

That is important because the project is trying to present this as a move from open-ended lockups to a more standardized release structure. Instead of leaving the insider supply in a vague suspended state, the proposal would give the market a more defined schedule.

This is still heavily about insiders

A key issue is who benefits most from the change. CoinDesk previously reported that around 72% of the 62 billion tokens covered by the proposal belong to insiders, making this primarily an insider-token restructuring rather than a broad public-holder reform.

So while the project may frame the move as governance modernization, the practical effect is that a very large insider allocation gets a path toward eventual liquidity after the cliff expires.

Voting power remains highly concentrated

One of the more uncomfortable parts of the story is how concentrated the vote appears to be. CoinDesk reported that voting power remains in the hands of a small number of large holders, even though the result looks overwhelmingly supportive.

That matters because near-unanimous approval sounds stronger than it really is when a handful of wallets can shape the outcome. In practical terms, this means the governance process may be more reflective of concentrated token ownership than broad community consensus. That is an inference from the reported vote concentration and holder structure.

Why this matters for the market

This matters because large unlocks can change how investors think about future supply, insider incentives, and price pressure. Even with a two-year cliff, the market has to start pricing in the fact that tens of billions of tokens may eventually move toward circulation under a defined schedule.

It also matters because WLFI has already been under pressure from previous controversies, including disputes over loans, insider-linked structures, and governance concerns. A giant unlock proposal adds another layer of sensitivity around dilution and control.

The clean takeaway

WLFI’s proposal is likely to pass, and if it does, it will set a formal vesting path for 40.7 billion insider tokens after a two-year cliff while also burning a portion of the insider allocation. The project may call that a governance upgrade, but the bigger reality is that it moves a massive insider token block closer to eventual market release, while voting power still appears concentrated among a small group of holders.