Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

Trump-Family-Linked WLF Deploys “Kill Switch” Governance to Manage Sept 1 Token Unlock Risk

CoinEditionCoinEdition2025/08/29 16:00
By:Izabela Anna

The Trump-linked WLF project has given its core team final veto power over all community proposals This new governance was announced just days before the native WLFI token is set for a major unlock on Sept 1 In a crisis, the protocol shifts to a centralized multisig, acting as a governance “kill switch”

  • The Trump-linked WLF project has given its core team final veto power over all community proposals
  • This new governance was announced just days before the native WLFI token is set for a major unlock on Sept 1
  • In a crisis, the protocol shifts to a centralized multisig, acting as a governance “kill switch”

The Trump-family-linked crypto project, World Liberty Financial (WLF), has laid out its governance rules ahead of its token unlock, and the bottom line is clear: the core team holds the ultimate power. 

The new framework gives the team a “kill switch” to veto community proposals and take full control during a crisis.

Related: President Trump’s WLFI Leads Institutions in Buying BTC and ETH Dip

WLF Can Veto Any Community Proposal at Its “Sole Discretion”

The new governance rules state that the WLF company can reject any proposal, even one already approved by token holders, if it believes it poses a legal, contractual, or security risk. 

The framework emphasizes that this decision is at the team’s “sole discretion” and is “final.” This gives the core developers a powerful, unilateral override to protect the protocol from any initiatives they deem harmful

Full Multisig Takeover Planned for Any “Major Adverse Event”

In the event of a “major adverse event” or a security risk that endangers users, the protocol’s governance will completely shift to a centralized multi-signature wallet. 

This “kill switch” mechanism removes all community governance and consolidates control in the hands of the team until the crisis is resolved and normal operations can be restored. This centralized backstop is a clear signal that the project is prioritizing stability and security over permissionless decentralization.

WLFI Token Unlock Set for September 1

This governance clarification comes just as the protocol’s native WLFI token is scheduled to begin unlocking on September 1 at 8:00 AM Eastern Time

A dedicated function page has already been activated to facilitate the process. The timing of the token release signals an important milestone, as it introduces liquidity and allows early participants to access their holdings.

Related: World Liberty Financial Sets Sept 1 Launch for WLFI Token on Ethereum

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Today: Solana's 150ms Finality Revolution: Could It Outrace Ethereum?

- Solana's validator community nears approval of Alpenglow upgrade, slashing block finality to 150ms via Votor and Rotor components. - Upgrade enables 107,540 TPS (vs. Ethereum's 15-45 TPS) and introduces decentralized economic incentives to reduce centralization risks. - 99% voter support with 33% quorum met, positioning Solana to challenge Ethereum in DeFi, gaming, and institutional finance sectors. - Critics warn VAT model may favor large validators, but network's 20+20 resilience model and $8.6B DeFi T

ainvest2025/09/01 02:33
Solana News Today: Solana's 150ms Finality Revolution: Could It Outrace Ethereum?