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WLFI plans to submit a proposal next week to unlock early tokens, responding to lending concerns by stating there is no liquidation risk.
ME News on April 10 (UTC+8): WLFI officially posted a response to market questions about its lending positions on WLFI Markets, stating that there is currently no liquidation risk and that even if the market experiences significant volatility, it can be handled by adding collateral. It said that, as one of the platform’s primary borrowers, the related lending activities are providing a revenue source for the platform, thereby increasing the stablecoin yield level.
In terms of data, WLFI disclosed that USD1’s current annualized revenue is approximately $159.5 million. Over the past 6 months, it has repurchased about 435 million WLFI tokens in the secondary market, with a cumulative amount of approximately $65.58 million.
The project also said it will submit a governance proposal next week to discuss unlocking early-locked tokens and to upgrade USD1’s functionality, including supporting gasless transfers and making it compatible with AI payment infrastructure. (Source: ODAILY)