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International Business Times
International Business Times
Business
Marvie Basilan

WLFI 'Gold Paper': 75% Of Protocol's Revenue Will Go To Trump-Linked Company

WLFI Donald Trump Gold Crypto World Liberty Financial Chase Herro United States
WLFI's gold paper is out, and in it are multiple red flags the crypto community raised. (Credit: WLFI Gold Paper / Screenshot)

KEY POINTS

  • Aside from $22.5 billion in $WLFI tokens, DT Marks DEFI LLC will also receive 75% of the protocol's net revenue
  • The remaining 25% in protocol revenue will go to Axiom Management Group, owned by Chase Herro and Zachary Folkman
  • Many crypto users noticed how the $WLFI tokens are non-transferable and can be burned by treasury

A "gold paper" published by Donald Trump-backed World Liberty Financial (WLFI) revealed that the majority of the DeFi protocol's net revenue will be allocated to DT Marks DEFI LLC, a company linked to the ex-president.

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