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Last weekend, World Liberty Financial (WLFI) and Aave's proposal dispute attracted market attention, and the two sides fell into Rashomon due to the "7% share", and a week later, WLFI is about to usher in the first token claim and trading on September 1, so what is the governance model of this crypto project backed by the Trump family? Below, Odaily will take you to learn more about it through 20 official questions and answers: General governance issues 1. How to participate in WLF protocol governance? WLFI is for the sole purpose of participating in the governance of World Liberty Financial ("WLF Protocol"), so it is hoped that the community will actively participate in proposals, discussions, and voting on WLF Protocol governance matters, and do not purchase the token if you do not intend to participate. Proposal Questions 2. How can I participate in discussing potential proposals? The proposal will be discussed on the "Forum", community members must first register an account to participate in the forum, it is important to note that the forum is not limited to WLFI token holders, anyone with an account can participate in the forum. While the forum is a place to discuss potential WLF protocol governance initiatives and pre-vote "temperature check" initiatives, there is no actual token voting on the forum, and no actions on the forum determine the voting results, and some discussions on the forum may be entirely social in nature. 3. How to make a formal voting proposal? Formal proposals are submitted via Snapshots, and any user who owns and hosts voting WLFI tokens can create proposals. World Liberty Financial will screen proposals prior to the start of the Snapshot vote and reserves the right to reject any proposal that, once implemented, would pose or create an unreasonable risk or security risk of violating legal requirements, including contractual obligations, as defined by the WLF Bylaws, and these decisions are final and final in World Liberty Financial's sole discretion. 4. What happens after the proposal is submitted? Once the proposal is submitted, it will enter the community review stage. During this time, all WLFI holders can review the proposal, provide feedback, and discuss its implementation. There is no minimum time requirement for discussion, but the voting period for specific proposals is usually two weeks, which may be adjusted by World Liberty Financial on a case-by-case basis. 5. How to prevent spam proposals? World Liberty Financial screens proposals and may reject any proposals that it believes may be spam. Eventually, through the governance process, additional screening measures may be created that allow users to submit proposals directly. Voting questions 6. How to vote? Once the proposal is voted on, a "snapshot" of token holders will appear. Token holders who hold tokens are eligible to vote. Most often, proposals will be single-choice voting, i.e., for or against, but in some cases (e.g., if a proposal may have more than two outcomes), a sorted-choice vote may apply. To participate in Snapshot voting, one must own WLFI tokens and hold them in a way that allows connecting a wallet or similar application to Snapshot. Snapshot voting allows off-chain voting (to avoid voters paying gas fees), and the results of the vote will be stored on-chain and verifiable. 7. How do I know if a proposal is voting? Proposals are usually published on the Snapshot forum, and official proposals can be submitted and viewed in snapshots, but must be registered in the forum to receive information about voting proposals. 8. How long is voting open? The voting period for proposals is usually two weeks, but World Liberty Financial may change it in certain circumstances. 9. Is there a limit to the number of tokens that can participate in voting? Yes. With the exception of a voting limit of 5,000,000,000 tokens per token holder (i.e., 5% of the total supply), no treasury tokens (i.e., tokens owned by World Liberty Financial) can be used for voting. 10. Are WLFI tokens transferable? At this stage, WLFI is non-transferable or resold. WLFI holders approved a proposal in July 2025 to allow WLFI tokens to be transferred, and WLFI is expected to unlock some of the WLFI tokens sold to early purchasers tradable according to the unlock schedule, and the remaining WLFI tokens sold to early supporters will be voted on by the community for a second time to determine the unlocking and release schedule. The unlock schedule for founders, advisors, and others is expected to remain non-transferable and in any case, subject to a longer unlock schedule. World Liberty Financial reserves the right to determine the timing and eligibility requirements for unlocking WLFI tokens in its sole discretion. 11. What happens if I don't vote? Without participating in discussions, proposals, and voting, the functionality of the WLFI token will not be available, and the opportunity to help shape the future of the WLF protocol and participate in the WLFI community will be missed. 12. What is the approval threshold for voting? The proposal passes a vote that requires an initial minimum quorum, which is 1,000,000,000 WLFI tokens, and a majority of WLFI tokens vote in favor of passing, and these thresholds may be adjusted as the governance process progresses. 13. What happens if a token holder holds more than 5,000,000,000 WLFI tokens? World Liberty Financial aims to embody distributed governance and has therefore decided to limit the voting rights of individual token holders. Wallets holding more than 5% of the total token supply (i.e., 5,000,000,000 or more WLFI tokens) will be capped at 5,000,000,000 tokens. In addition, if someone is found to be holding more than 5,000,000,000 WLFI tokens in multiple wallets or addresses, measures will be taken to ensure that the person's voting rights are capped at 5,000,000,000 tokens, regardless of how many addresses or wallets the person uses to control their total WLFI tokens, and early contributors and service providers holding more than 5% of the tokens have been informed of their ownership and association status. 14. What is the difference between the total token supply, the unissued token supply, and the voting token supply? The total token supply refers to the total number of tokens issued in history, fixed at 100 billion. The unissued token supply refers to the total token supply minus the number of tokens held by WLF, including tokens sold to buyers in the token sale, as well as grants to advisors, service providers, directors, executives, and employees. Voting token supply refers to the unissued token supply minus the number of tokens held by individuals known to hold more than one WLFI token and their affiliates. For example, if a holder has 7,000,000,000 WLFI tokens, that holder will only be able to vote for 5,000,000,000 WLFI tokens, and the total voting token supply will be reduced by 2,000,000,000 WLFI tokens. As the voting token supply is variable and will ultimately depend on the number of WLFI tokens sold or issued, WLF reserves the right to adjust the token voting procedure to limit the token voting procedure to 5% of the actual voting token supply at any time. 15. How do I vote if I hold tokens through a third-party custodian? A third-party custodian should be contacted to understand their policies and procedures for voting. Proposal implementation issues 16. How are approved proposals implemented? Once a proposal is approved by a snapshot, if that approval (or rejection) requires an on-chain platform action, the relevant multisig party should perform the action, which will be completed within a reasonable time after the proposal is passed. Some upgrade proposals may require extensive auditing and other security validation to be securely implemented within the platform, so the implementation time that has been passed should be reasonably determined by the relevant multisigner in its sole discretion. 17. Under what circumstances will a WLFI governance proposal that has been adopted will not be implemented? World Liberty Financial reserves the right to reject any proposed or approved proposals that, once implemented, would constitute or create an unreasonable risk of violating the law, including any contractual obligations, or create a safety risk, and such decisions are final and final in World Liberty Financial's sole discretion. Other questions 18. Will the WLF Protocol governance platform be upgraded? There are currently no upgrade plans, and the WLF Protocol governance platform may upgrade its voting procedures through procedures to automate certain proposals or certain types of proposals, but it should be assumed that no upgrades will occur in the future. Additionally, all parameters currently listed are only initial for the platform and are subject to change during the voting process, but such changes should not result in WLF violating any legal or contractual obligations. 19. If there are significant security risks or other threats, may WLF protocol governance be suspended? The WLF Agreement or any related agreement may experience a "material adverse event", i.e. any event that causes the WLF Protocol or any related agreement to not function in the normal and intended manner for an extended period of time; or "security risk", which is any event that causes the WLF protocol to stop working or compromises the safe use of the WLF protocol by users. During a significant adverse event or security risk, governance control of the WLF protocol will be exercised exclusively by multisig until the governance operation of the WLF protocol returns to normal operation. In addition, the "secure multisig" responsible for WLF protocol governance, WLF protocol updates, significant adverse events, and security risks may be approved by token holders and WLF, and this secure multisig has the authority to respond to such matters. 20. Is World Liberty Financial a decentralized autonomous organization (DAO)? World Liberty Financial is a Delaware non-joint-stock company that manages the WLF protocol, which allows token holders to vote on certain WLF protocol governance decisions. The WLF protocol is not a decentralized autonomous organization (DAO) or any type of organization, but is managed and controlled by one or more multi-signers, and the number and specific signers of the "signers" are determined by World Liberty Financial. While WLF protocol governance may be subject to changes triggered by proposals approved by voting token holders according to the procedure, World Liberty Financial is not bound by any such proposals or votes. WLFI token holders have no obligation to each other or with World Liberty Financial. The relevant bylaws stipulate that if approved by the WLFI token holder community, the WLF protocol will implement certain WLF protocol governance proposals.