Cross-chain DEX WOOFi has initiated a proposal to permanently burn 300 million WOO tokens (approximately 15% of the total supply, currently locked). This proposal is now in the voting stage. If passed, the circulating supply of WOO will reach 100% FDV, eliminating future dilution and terminating the Match + Burn mechanism. Revenue distribution will remain unchanged: 40% to staking users, 40% for buybacks and burns, and 20% to the foundation. Voting is based on the XP weight of WOO Stakes and will last for 7 days, starting on January 5th at 21:30 (UTC).
WOOFi has proposed permanently destroying 300 million WOO tokens.
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