Is WLFI backed by real assets or purely speculative?

[cryptohog]

WLFI’s treasury reportedly aggregates funds from token sales, stablecoin reserves, and trading fees. The USD1 stablecoin acts as a partially collateralized instrument, pegged 1:1 to USD but supplemented by WLFI token liquidity. Treasury allocations are voted on by WLFI holders, which theoretically aligns incentives with governance participation.

[Rimon Khan]

Whether WLFI is asset-backed or speculative determines its long-term value.