World Liberty Financial (WLFI) Airdrops Its New US Dollar-Pegged Stablecoin to Early Holders

World Liberty Financial (WLFI) is planning to airdrop a small amount of its new US dollar-pegged stablecoin, USD1, to early WLFI holders as a test of its airdrop system.

According to a recent proposal on the WLFI governance forum, the airdrop will distribute a minimal amount of USD1 to eligible WLFI token holders. The proposal, which has garnered support from more than 99% of voters, builds upon a May 6 proposal to test the airdrop mechanism in a live setting.

As highlighted in the proposal, testing the airdrop functionality is crucial to ensure smart contractoperability and readiness. Moreover, this distribution serves as a meaningful way to thank the earliest supporters and introduce them to USD1.

The proposal, ID 88, titled "Test Airdrop of USD1 to Early Supporters," aims to determine the feasibility of a minimal airdrop of USD1 to all eligible WLFI token holders. The amount of USD1 will depend on the total eligible wallets and the budget allocated for the airdrop.

The proposal specifies that only those who held WLFI tokens during a designated snapshot period will be eligible to receive the airdrop. The minimum holding requirement for eligibility is 100 WLFI tokens.

The date for the airdrop is yet to be determined, and WLFI reserves the “right to discontinue, suspend, modify or terminate the test airdrop” at any time.

Voting on the proposal is set to conclude on May 14. So far, support for the measure is overwhelming, with approximately 2.6 billion tokens, representing 99.97%, cast in favor, while just 901,000 tokens, or 0.03%, have been used to vote against it.

The proposal also mentions that the fairest approach would be to allocate an equal amount of USD1 to each eligible wallet. However, the feasibility of this approach depends on the total number of eligible wallets and the budget allocated for the airdrop.

In its official X account, WLFI announced that a new Snapshot vote is live to airdrop USD1 to all eligible WLFI holders.

"WLF fam - it’s time. A new Snapshot vote is live to airdrop USD1 to all eligible WLFI holders. Free USD1. The hottest stablecoin in crypto. Don’t miss your chance - vote now," the crypto platform added.

On May 5, WLFI reported that the sellable USD1 was launched officially on HTX Global. The company noted token trading would be made available on May 6, and the withdrawals would be permitted as of May 7.

Besides working with HTX Global, WLFI announced that it has teamed up with ListaDAO to merge USD1 into its system.

As confirmed by ListaDAO, the USD1 Vault is already live, and the USD1/lisUSD liquidity pool and USD1 as CDP collateral will launch shortly. It even announced that it would have more integrations with WLFI in time.

So far, all of WLFI’s collaborations appear to align with its stated goals of ensuring compliance, promoting transparency, and increasing the token’s visibility.

As reported earlier, Eric Trump, the US president’s son, and WLFI co-founder Zach Witkoff have consistently emphasized that they aim for USD1 to be the most compliant, transparent, and trustworthy stablecoin.

Moreover, Eric Trump believes that facilitating the development of transparent stablecoins such as USD1 might be conducive to the internationalization of the US dollar.