FAQ
Find answers to frequently asked questions about World Liberty Financial, USD1, WLFI governance, and the token unlock process.
USD1
What is USD1?
USD1 is a stablecoin redeemable on a 1:1 basis for the U.S. Dollar (USD). USD1 is 100% backed by a reserve containing short term U.S. government treasuries, U.S. government money market funds, U.S. dollar deposits, and other cash equivalents, and all such reserve assets are held or maintained by BitGo Trust Company, Inc., a South Dakota-chartered trust company ("BitGo Trust"), and/or by BitGo Technologies LLC, a federally registered money services business and state-licensed money transmitter ("BitGo Tech", together with BitGo Trust and their other affiliates, "BitGo"). BitGo issues USD1, and World Liberty Financial, Inc. and its affiliated entities, own the World Liberty Financial USD1 brand and provide certain services. BitGo processes all initial purchases and redemptions of USD1 and provides related technical infrastructure and services.
How is USD1 fully backed to be 1:1 with the US Dollar?
Every USD1 in circulation is backed 1:1 by assets held in reserve by BitGo, primarily in U.S. Dollar deposits, U.S. government money market funds and other cash equivalents. For more information, please see the reserve reports and the proof of reserves.
Can I convert my USD1 into fiat currency?
Eligible customers of BitGo may redeem USD1 for an equivalent amount of USD directly from BitGo. Other holders of USD1 may be able to exchange USD1 via the various exchanges, platforms, and regulated custodians that have agreed to support the exchange of USD1 for USD, subject to their terms and eligibility requirements.
Where can I use USD1?
We expect that USD1 will be usable across a wide range of platforms, exchanges, multiple chains, and accepted at retail locations. It will also be integrated into WLFI's DeFi protocol, where, subject to eligibility, holders may engage in a variety of activities with USD1 including lending and borrowing once operational. We are working to actively build out the ecosystem to make USD1 as widely accessible as possible.
Are USD1 reserves examined?
USD1's reserves will be periodically examined by an independent third-party firm to confirm that every issued and outstanding USD1 is backed by an equivalent amount of reserve assets.
WLFI Governance
General
Can you provide an overview of how to participate in WLF Protocol governance?
The sole purpose of $WLFI (or the "token") is to participate in governance of the World Liberty Financial Protocol (the "WLF Protocol"), so we hope you will actively participate in proposing, discussing and voting on WLF Protocol governance matters. If you do not plan to participate, you should not purchase the token. We have created this user-friendly guide to help you become engaged in WLF Protocol governance and help to shape the future of DeFi, but if any questions are not answered below, please reach out to [email protected].
WLF Protocol governance can be divided into three phases: (i) proposal submission, (ii) community review, and (iii) voting. $WLFI holders can make proposals, discuss proposals and ultimately vote on them.
Proposals
How do we discuss potential proposals?
Proposals are discussed in the "Forum." The Forum is available at https://governance.worldlibertyfinancial.com/. Community members must register for an account prior to participating in the Forum.
Please note that the Forum is not restricted to $WLFI token-holders. Any person with an account may participate in the Forum. While the Forum is the place to discuss potential WLF Protocol governance initiatives and "temperature check" initiatives prior to voting, no actual token voting occurs on the Forum, and no actions taken on the Forum determine votes, and some discussions on the Forum may be entirely social.
How do I make a formal proposal for voting?
Formal proposals are made through Snapshot at https://vote.worldlibertyfinancial.com/. Any user who owns and custodies a votable $WLFI token can create a proposal. World Liberty Financial LLC, a Florida limited liability company ("WLF" or the "Company") screens proposals prior to voting beginning on Snapshot. The Company reserves the right to disallow any proposal which, if implemented, would constitute or create an unreasonable risk of violation of a legal requirement (including a contractual obligation) or a security risk, in each case as defined in the WLF governing documents. These determinations are made in the discretion of the Company and such determinations are final.
What happens after a proposal is submitted?
Once a proposal is submitted, it enters the Community Review phase. During this period, all $WLFI owners can review the proposal, provide feedback, and discuss its implementation. There is no required minimum discussion period, but the voting period for a given proposal is typically two weeks, subject to change by the Company in certain circumstances.
How do you prevent spam proposals?
The Company screens proposals and may disallow any proposal it believes is reasonably likely to be spam in nature. Eventually, through the governance process, additional screening measures may be created that allow for users to directly make proposals.
Voting
How does voting work?
Once a proposal is approved for voting, a "snapshot" of token holders will occur when the proposal is approved. Token holders who own tokens are eligible to vote. For the most part, proposals will be single choice, up or down, votes, but in certain instances (for example, if a proposal may have more than two possible outcomes) ranked choice voting may be appropriate.
In order to participate in Snapshot voting you must both (a) own $WLFI tokens and (b) custody those tokens in a fashion which allows you to connect a wallet or similar application to Snapshot. Snapshot voting allows for off-chain voting (to avoid gas fees by voters) with the results stored and verifiable on-chain.
How do I know if a proposal is open for voting?
Proposals will generally be announced on Forum. Formal proposals may be made through Snapshot and can be viewed there. You must register with Forum to receive information on proposals for voting.
How long are votes open?
The voting period for any proposal will generally be two weeks, subject to change by the Company in certain circumstances.
Are there any limits on how many tokens I can vote?
Yes. In addition to the limitation of voting 5,000,000,000 tokens per token holder (i.e. 5% of the total supply and described in greater detail below), any tokens which are treasury tokens (i.e., owned by WLF), will not be voted.
Can I transfer my $WLFI?
All $WLFI were initially non-transferable. $WLFI holders approved a proposal in July 2025 to make a portion of the $WLFI tokens sold to early purchasers transferable, with the remainder of the $WLFI tokens sold to early purchasers is intended to be subject to a second vote by the community to determine the unlock and release schedule. Treasury tokens are also transferable unless specific restrictions have been imposed. The unlock schedules for initial grants to founders, advisors, and others generally remain non-transferable, and if unlocked are expected to be subject to a longer unlock schedule. The Company retains discretion to determine the timing of and any eligibility requirements for unlocking the Tokens.
What happens if I do not vote?
If you do not participate in discussion, proposals and voting, you will not be using the functionality of the $WLFI token, and miss out on the opportunity to help shape the future of the WLF Protocol and engaged with the $WLFI community.
What is the approval threshold for voting?
A passing proposal requires an initial minimum quorum of 1,000,000,000 $WLFI tokens voted, and a majority of the $WLFI tokens voted to be passed. These thresholds may be modified over time through the governance process.
What if a token holder holds more than 5,000,000,000 $WLFI tokens (5% of the total supply)?
WLF is intended to reflect distributed governance, so has decided to limit the voting power of a single token holder. Wallets with more than 5% of the total token supply, i.e. 5,000,000,000 or more $WLFI tokens will only be able to vote a maximum of 5,000,000,000 tokens. In addition, if WLF is aware of any person that holds more than 5,000,000,000 $WLFI tokens across multiple wallets or addresses, WLF will take steps to ensure that person is limited to voting no more than 5,000,000,000 tokens, regardless of the number of addresses or wallets that person uses to control their total $WLFI tokens. Early contributors and service providers with more than 5% have already notified WLF of their ownership positions and affiliate status.
What is the difference between total token supply, outstanding token supply and votable token supply?
Total token supply is the total supply of tokens ever minted. It is fixed at 100 billion tokens.
Outstanding token supply is the total token supply minus tokens held in treasury by WLF. This includes tokens sold to purchasers in token sales and grants made to advisors, service providers, directors, officers and employees.
Votable token supply is the outstanding token supply after being reduced by the number of tokens known to be held by persons who, together with affiliates own more than 5,000,000,000 $WLFI tokens.
For example, if a holder owns 7,000,000,000 $WLFI tokens, such person is only permitted to vote 5,000,000,000 $WLFI tokens, and the total votable token supply is reduced by 2,000,000,000 $WLFI tokens. Because the votable token supply is variable, and will ultimately be determined by the number of $WLFI tokens sold or issued, WLF reserves the right to adjust the programmatic limitation on token voting to 5% of the actual voting token supply from time to time.
If I hold my $WLFI through a third party custodian, how can I vote?
You should contact your third party custodian for their policies and procedures for reflecting your votes.
Proposal Implementation
How are approved proposals implemented?
Once a snapshot is approved, if such approval (or disapproval) requires on chain Platform action, the relevant Multi-Sig shall implement the action. This implementation will occur within a reasonable period of time from the passage of the proposals. Certain upgrade proposals may require extensive audits and other security verifications prior to being safely implemented within the Platform, and the time frame of implementation of a passed snapshot shall be within the sole reasonable discretion of the relevant Multi-Sig.
Under what circumstances will a vote approved through WLF Protocol governance not be implemented?
The Company reserves the right to disallow any proposed or approved proposal which, if implemented, would constitute or create an unreasonable risk of a legal violation (including any contractual obligation), or create a security risk, each as defined in the WLF governing documents. These determinations are made in the discretion of the Company and such determinations are final.
Other Governance Questions
Will the WLF Protocol governance platform be upgraded?
There are no plans to upgrade the WLF Protocol governance platform. WLF Protocol governance platform may, through the procedures outlined herein, upgrade its voting procedures to include automated implementation of certain proposals or types of proposals, but you should assume no future upgrades will occur. Additionally, all of the parameters listed herein are simply the initial parameters of the platform, and subject to change through the voting process, as long as such changes would not cause WLF to violate any laws or contractual obligations.
Can WLF Protocol governance be suspended if there is a major security risk or other threat?
The WLF Protocol or any associated protocol could experience a "Material Adverse Event," meaning any event which prevents the WLF Protocol, or any associated protocol, from functioning in its normal, intended fashion for a prolonged period, or a "Security Risk," meaning any event which stops the WLF Protocol or endangers user's safe use of the WLF Protocol. During Material Adverse Events or Security Risks, WLF Protocol governance control over the WLF Protocol will be completely vested in the Multi-sigs until it is possible to resume normal WLF Protocol governance operations. In addition, a "Security Multi-sig" responsible for WLF Protocol governance, WLF Protocol updates, Material Adverse Events and Security Risks may be approved by token holders and WLF, which Security Multi-sig may have the power to respond to such matters.
Is World Liberty Financial a Decentralized Autonomous Organization (a "DAO")?
World Liberty Financial LLC is a Florida limited liability company. WLF administers the WLF Protocol that allows token holder voting for certain WLF Protocol governance decision making. WLF Protocol is not a DAO or an organization of any kind. The WLF Protocol is administratively controlled by one or more Multi-sigs. The number of "signers" and the person(s) who are signers are determined by the Company. While WLF Protocol governance is subject to changes initiated by proposals approved by voting token holders according to the procedures set forth herein, the Company is not subject to any such proposals or votes. $WLFI token holders do not owe any duties to each other or to the Company. The WLF governing documents indicate that the WLF Protocol will implement certain WLF Protocol governance proposals if approved by the $WLFI token holder community.
Unlock $WLFI
Who is eligible for the unlock feature?
You are eligible if you purchased WLFI tokens during the public sale between approximately October 14, 2024 and March 14, 2025, participated in either the $0.015 or $0.05 price rounds, and still hold the tokens in the original wallet that received them.
Why is my wallet balance showing 0 WLFI after signing the Token Unlock Agreement?
This is expected after you sign the Token Unlock Agreement. Your tokens are held in the unlocking smart contract. You can view your allocation and claimable balance on the Unlock page.
Can I claim partial amounts?
When you claim, you receive all available unlocked tokens. You cannot select a specific amount. The claim function transfers all currently claimable tokens to your wallet.
What happens if I don't claim immediately?
Nothing. Your tokens remain safely in the unlocking contract. There's no deadline to claim, and you can claim at any time. Unclaimed tokens continue to accumulate as more tokens unlock.
Can I transfer tokens before claiming?
No. While tokens are in the unlocking contract, they cannot be transferred. You must claim them to your wallet first, then you can use them as you wish.
What about the remaining 80% of tokens?
The remaining 80% of tokens will be unlocked according to terms decided by the community through governance proposals. Stay tuned to governance announcements for updates.
I purchased tokens but I'm not seeing the unlock option. What should I do?
Ensure you're:
Connected with the same wallet that received the tokens
On Ethereum Mainnet
A participant from the original $0.015 or $0.05 sale rounds
If you still don't see your allocation, please contact support.
What if I'm blocked or see an error on the Unlock page?
For security and compliance reasons, some accounts may be restricted. If you see a blocked message:
You may try again later
Contact support for general assistance
We cannot provide specific details about restrictions for security reasons
Do I need ETH for the unlock process?
Yes. Both the activation (signing) and claiming transactions require ETH for gas fees. Ensure you have sufficient ETH in your wallet before proceeding.
Need More Help?
If your question isn't answered here, please reach out to us:
General inquiries: [email protected]
Governance questions: [email protected]
Support: Contact Support
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