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Trump-Linked WLFI Offers "Direct Access" for $5M Stake | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

Business News, Daily News, News, Tech News

4.7698 Ratings

🗓️ 16 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

$5M for "direct access" to the WLFI team? World Liberty Financial, the DeFi protocol backed by the Trump family, just passed a governance vote on a three-tier staking system that requires up to a $5 million WLFI lockup for top-level benefits, including guaranteed access to the project's team. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

World Liberty Financial offers direct access to the team for $5 million and block fills files for bankruptcy.

0:06.9

This is CoinDesk Daily. I'm Jen Sanassi.

0:15.2

Discover Nexo, the premier digital wealth platform, now in the U.S.

0:19.0

Get started today at nexo.com slash coin desk.

0:22.2

World Liberty Financial just approved a proposal that effectively puts a $5 million

0:26.0

price tag on direct access to its team.

0:29.3

The defy protocol linked to the Trump family passed a governance vote introducing a

0:33.4

three-tier staking system for its WLFI token.

0:36.9

To reach the highest tier, users must lock up

0:39.1

50 million tokens, roughly a $5 million investment in return. Their promise direct access to the

0:45.3

WLFI team for partnership discussions. A spokesperson clarified that direct access refers to the

0:52.0

business development team, not necessarily founders like

0:55.2

Eric or Baron Trump. Still, the requirement acts as a major financial filter. WLFI says it's

1:02.0

overwhelmed with partnership requests and the $5 million threshold is meant to ensure only serious

1:07.8

well-capitalized players get a seat at the table.

1:17.6

The proposal passed with 99.12% support, though more than 76% of the voting power came from just 10 wallets.

1:19.2

Chicago-based crypto firm Blockfills filed for Chapter 11 bankruptcy in Delaware over the weekend.

1:24.5

According to court filings, the company reports assets of up to $100 million,

1:28.9

but liabilities that could reach as high as half a billion. The filing comes after a difficult

1:34.3

few weeks for the lender. Blockville's halted customer withdrawals in February after suffering

1:39.1

roughly $75 million in losses. This situation escalated last week when a federal judge issued a temporary

1:45.6

restraining order against the firm following a lawsuit from Dominion Capital. Dominion alleges

...

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