WOOFi Proposes Permanent Burn of 300 Million WOO Tokens

2026-01-05 21:45

Cross-chain DEX WOOFi has proposed a plan to permanently burn 300 million WOO tokens, representing approximately 15% of the total supply, which are currently locked. The proposal, now open for voting, aims to increase WOO's circulating supply to 100% of its fully diluted valuation (FDV), eliminating future dilution and ending the Match + Burn mechanism. If approved, the revenue distribution will remain unchanged: 40% to stakers, 40% for buyback and burn, and 20% to the foundation. Voting is based on WOO Stake's XP weight and will last for seven days, starting January 5 at 21:30 UTC.

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