Trump Family’s WLFI Launches $1.25 Million Staking Reward Pool
JOON HYOUNG LEE
Summary
- World Liberty Financial (WLFI) said it will launch a $1.25 million staking reward pool.
- It said $1.25 million in USD1 stablecoins that will fund the rewards will be deposited between 9 p.m. and 10 p.m. Korea time on October 2.
- It said users must stake WLFI for at least 180 days and participate in governance voting at least once every 90 days to receive rewards.
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World Liberty Financial, the cryptocurrency project tied to U.S. President Donald Trump’s family, said it is launching a $1.25 million staking reward pool.
The company said on its official X account on October 1 that it will activate a staking reward pool worth $1.25 million in USD1. USD1 is the dollar-backed stablecoin issued by World Liberty Financial.
The initial $1.25 million in USD1 will be deposited into the reward pool between 9 p.m. and 10 p.m. Korea time on October 2. The rewards will be distributed over the following 180 days.
To receive rewards, users must stake WLFI for at least 180 days. They must also participate in governance voting at least once every 90 days.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul