Recently, the results of the governance vote for World Liberty Financial have been announced, with 77.75% of community members supporting the latest proposal. Once this resolution is passed, the project team can allocate funds from the unlocked treasury reserves for incentive programs.



It sounds like they want to accelerate the market promotion and liquidity building of their stablecoin USD1. This approach of using governance votes to determine fund allocation is quite common in DeFi projects. Using treasury funds to support their own stablecoin products mainly aims to increase market adoption, as competition among stablecoins is quite fierce.

Based on the high support rate in the vote, the community seems to approve of this direction. Whether USD1 can be successfully developed will depend on subsequent execution and market feedback.
USD1-0.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GasWastervip
· 01-07 10:39
77% approval rating, the community is quite receptive. Just worried that even if we pour money into stablecoins, no one will use them.
View OriginalReply0
ZKSherlockvip
· 01-05 07:41
actually... 77.75% sounds suspiciously round for "grassroots" governance, ngl. ever wonder about the trust assumptions baked into these voting mechanisms? like who's actually voting here... the whales or the people
Reply0
AirdropHunterKingvip
· 01-04 14:56
77.75% this number looks pretty intimidating, but I just want to ask how many people have actually read the proposal or just clicked yes...
View OriginalReply0
SybilSlayervip
· 01-04 14:54
77% support rate, the community is definitely on board, just not sure if USD1 can really be achieved
View OriginalReply0
TradFiRefugeevip
· 01-04 14:52
77.75%的支持率啊,社区这是真的买账啊 又是国库烧钱推稳定币,这套路都快用烂了... 话说USD1能活得过USDC和USDT吗,我是有点悬
Reply0
OffchainOraclevip
· 01-04 14:46
It's the same old trick of governance voting to cut leeks again. A 77% support rate sounds pretty high, but who knows what the actual participation level is. Whether USD1 can survive depends on the market. The stablecoin sector is already saturated. Project teams are pouring funds into incentives; in other words, burning money to buy liquidity. Can this continue? I'm a bit skeptical.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)