WLFI to Execute Token Buybacks via Aster, with Funding Possibly Including USD1-Related Revenue

According to TechFlow, on November 10, World Liberty Financial (WLFI) said in an X post that the WLFI token buyback is intended to encourage long-term holders to actively participate in community governance. The related buybacks will be executed through designated wallets on the Aster platform, and the community can track transaction records on-chain.

WLFI said that as the supply of stablecoin USD1 and ecosystem activity grow, associated economic revenue may also increase, but buyback funding may come from multiple sources. Most of USD1's gross revenue must be paid to partners and service providers, so the amount actually available for buybacks depends on the remaining amount after deducting revenue shares, direct costs, and other obligations.

The official emphasized that the timing, scale, and execution method of buybacks will be determined based on factors such as available funds and the effectiveness of governance participation, and related plans may be adjusted or terminated at any time.

Source: TechFlow