World Liberty Financial (WLFI), a cryptocurrency project endorsed by Donald Trump and his family, has secured 99% community approval in a July 4 vote to make its WLFI token tradable. The token, which raised $550 million in funding, will implement founder token lock-ups—including holdings by Trump family members Barron, Donald Jr., and Eric—to minimize market volatility upon launch.
Co-founded by Chase Herro and Zak Folkman, WLFI aims to advance decentralized finance through enhanced transparency and community governance. Donald Trump emphasized this milestone "opens the door for broader community participation and protocol development," aligning with historical precedents like UNI and COMP tokens. Trading restrictions on advisor allocations will remain active to stabilize initial market activity.
The launch is expected to boost liquidity and attract investor interest to DeFi markets, though regulatory scrutiny may intensify as Congress debates digital asset policies. Market analysts note parallels to governance token surges but caution that long-term viability hinges on adoption and ecosystem growth.