How decentralized is WLFI’s governance really?

[cryptohog]

While WLFI enables on-chain voting for protocol decisions, it has centralization risks. A significant portion of tokens is held by insiders, giving them outsized influence. Additionally, there is a “kill switch” mechanism that allows insiders to override community votes in crisis scenarios. Voting power is capped per wallet to limit whales, but large insider holdings can still dominate governance outcomes.

[Abdul Khan]

Decentralization claims always need a closer look.

[Nahid Hossen]

True power distribution matters more than buzzwords.