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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 Report, April 10 (UTC+8), WLFI officially responded to market concerns regarding its lending positions on WLFI Markets, stating that there is currently no liquidation risk, and even in the event of significant market fluctuations, additional collateral can be used to address the issue. It mentioned that as one of the main borrowers on the platform, the related lending activities are generating revenue for the platform, thereby increasing stablecoin yields.
In terms of data, WLFI disclosed that USD1 currently has an annualized income of approximately $159.5 million, and over the past six months, about 435 million WLFI tokens have been repurchased on the secondary market, totaling approximately $65.58 million. The project also stated that a governance proposal will be submitted next week to discuss unlocking early locked tokens and to upgrade USD1’s functionality, including support for gasless transfers and adaptation to AI payment infrastructure. (Source: ODaily)