WLFI proposes "100% liquidity fee buyback and burn"
According to ChainCatcher, on September 19, World Liberty Financial previously released a proposal requiring that all fees generated from the protocol-owned liquidity (POL) of WLFI be used for open market buybacks of WLFI and permanently burned. This proposal has now received support from 99.84% of voters.
The official statement noted that if this proposal passes, WLFI will use this as the foundation for a continuous buyback and burn strategy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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