WLFI releases governance proposal: Intends to use part of unlocked vault funds to incentivize USD1 adoption.

Odaily Planet Daily reports that WLFI has released a governance update, announcing that a new community governance proposal is now open for voting. The proposal suggests using a portion of the unlocked WLFI treasury funds as an incentive to promote the adoption and growth of the stablecoin USD1.

The announcement indicates that over the past three weeks, WLFI has used USD1 to repurchase approximately $10 million worth of WLFI tokens and has successfully secured support for multiple spot trading pairs on Binance. Meanwhile, the usage of USD1 in CeFi and DeFi scenarios has increased significantly, and the WLFI token unlocking schedule is progressing steadily and nearing finalization.

The proposal aims to continue the current growth momentum by further expanding USD1's integration, use cases, and number of partners through incentive mechanisms, thereby enhancing the overall economic activity of the WLFI ecosystem. The announcement states that USD1's growth will directly drive the expansion of the WLFI ecosystem and benefit the entire community.