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WLFI governance design — meaning & arbitrage risk
WLFI is structured as a governance token with limited on-chain decision power and large vested allocations held by insiders; that design creates asymmetric incentives (early unlocks + marketing-driven demand) which fuels short-term speculative flows and arbitrage (list-on-multiple venues, borrow/lend, cross-exchange price gaps). Watch vesting cliffs and exchange hot-wallets — those catalyze short-term arbitrage more than long-term governance play.
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