On April 1st, according to The Block, the Trump family seems to be strengthening their control over WLFI. WLFI was announced before Trump's inauguration, but it is still in the development stage. According to a report released by Reuters on Monday, the Trump family further consolidated their control over World Liberty by establishing WLF Holdco LLC in January. Among them, DT Marks DeFi LLC holds 60% of the shares in the new company and is responsible for supervising protocol development. Although the ownership of the remaining 40% is currently unclear, this adjustment makes it appear that Zak Folkman and Chase Herro, co founders of WLFI, are no longer the "controllers" of the platform.
As of now, WLFI has raised a total of $550 million by selling WLFI tokens to qualified investors in the United States and non qualified investors worldwide. According to the documents released during the launch of the project, the Trump family may receive a net profit of 75% from this portion of sales revenue.
