The post Wolf locks over half of total supply for two years to reinforce trust  appeared on BitcoinEthereumNews.com. DeFi hub Wolf, operating under Byrrgis, has announced that more than 57% of its total WOLF token supply will be locked for two years, following recent incidents involving its Ethereum (ETH) bridge and an early token holder, as per the details shared with Finbold. The measure, covering over 570 million tokens valued at around $13.2 million, aims to restore community confidence and demonstrate long-term commitment from major holders. A framework that gives community full visibility into ownership and unlocks The two-year lock, executed via Streamflow, will see tokens gradually vest after the holding period, with an option to re-lock thereafter. The measure follows two incidents in late September that temporarily affected WOLF’s token stability.  In the first, a contractor retained administrator access to the project’s Ethereum bridge and minted unbacked ETH-WOLF tokens, draining over $600,000 in ETH-side liquidity. The second involved an early whale selling around 2% of the supply after declining to join the community lock framework. Wolf said both events were contained, with the bridge and token infrastructure since reinforced to prevent similar occurrences. The lock is intended to reduce sell pressure, provide visibility into token ownership, and set a new standard of transparency for the platform’s DeFi community. “With the broader whale community now aligned, WOLF has unmatched stability moving forwards,” said Siraaj Ahmed, CEO of Byrrgis and Wolf. “Combined with the decisive action taken to resolve the ETH bridge incident, we’re aiming to set a new benchmark for transparency and accountability in DeFi. Under Byrrgis, this foundation becomes the blueprint for how Web3 ecosystems should be built: long-term, transparent, and trust-minimized.” Robert Freeman, CTO of Byrrgis and Wolf, said that despite the bridge having undergone a full audit, access was misused by a contractor with administrator privileges, noting: “We acted immediately, shutting it down, and launching… The post Wolf locks over half of total supply for two years to reinforce trust  appeared on BitcoinEthereumNews.com. DeFi hub Wolf, operating under Byrrgis, has announced that more than 57% of its total WOLF token supply will be locked for two years, following recent incidents involving its Ethereum (ETH) bridge and an early token holder, as per the details shared with Finbold. The measure, covering over 570 million tokens valued at around $13.2 million, aims to restore community confidence and demonstrate long-term commitment from major holders. A framework that gives community full visibility into ownership and unlocks The two-year lock, executed via Streamflow, will see tokens gradually vest after the holding period, with an option to re-lock thereafter. The measure follows two incidents in late September that temporarily affected WOLF’s token stability.  In the first, a contractor retained administrator access to the project’s Ethereum bridge and minted unbacked ETH-WOLF tokens, draining over $600,000 in ETH-side liquidity. The second involved an early whale selling around 2% of the supply after declining to join the community lock framework. Wolf said both events were contained, with the bridge and token infrastructure since reinforced to prevent similar occurrences. The lock is intended to reduce sell pressure, provide visibility into token ownership, and set a new standard of transparency for the platform’s DeFi community. “With the broader whale community now aligned, WOLF has unmatched stability moving forwards,” said Siraaj Ahmed, CEO of Byrrgis and Wolf. “Combined with the decisive action taken to resolve the ETH bridge incident, we’re aiming to set a new benchmark for transparency and accountability in DeFi. Under Byrrgis, this foundation becomes the blueprint for how Web3 ecosystems should be built: long-term, transparent, and trust-minimized.” Robert Freeman, CTO of Byrrgis and Wolf, said that despite the bridge having undergone a full audit, access was misused by a contractor with administrator privileges, noting: “We acted immediately, shutting it down, and launching…

Wolf locks over half of total supply for two years to reinforce trust

DeFi hub Wolf, operating under Byrrgis, has announced that more than 57% of its total WOLF token supply will be locked for two years, following recent incidents involving its Ethereum (ETH) bridge and an early token holder, as per the details shared with Finbold.

The measure, covering over 570 million tokens valued at around $13.2 million, aims to restore community confidence and demonstrate long-term commitment from major holders.

A framework that gives community full visibility into ownership and unlocks

The two-year lock, executed via Streamflow, will see tokens gradually vest after the holding period, with an option to re-lock thereafter. The measure follows two incidents in late September that temporarily affected WOLF’s token stability. 

In the first, a contractor retained administrator access to the project’s Ethereum bridge and minted unbacked ETH-WOLF tokens, draining over $600,000 in ETH-side liquidity. The second involved an early whale selling around 2% of the supply after declining to join the community lock framework.

Wolf said both events were contained, with the bridge and token infrastructure since reinforced to prevent similar occurrences. The lock is intended to reduce sell pressure, provide visibility into token ownership, and set a new standard of transparency for the platform’s DeFi community.

Robert Freeman, CTO of Byrrgis and Wolf, said that despite the bridge having undergone a full audit, access was misused by a contractor with administrator privileges, noting:

Amy Cooksey, CMO of Byrrgis and Wolf, added: 

According to Wolf, the measures reflect a broader goal to create an institutional-grade DeFi framework with clear accountability and resilience built into its design.

Featured image via Shutterstock. 

Source: https://finbold.com/wolf-locks-over-half-of-total-supply-for-two-years-to-reinforce-trust/

Market Opportunity
Landwolf Logo
Landwolf Price(WOLF)
$0.0000003389
$0.0000003389$0.0000003389
+0.86%
USD
Landwolf (WOLF) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

the “ambient gambling” shift coming to brokerage accounts

the “ambient gambling” shift coming to brokerage accounts

The post the “ambient gambling” shift coming to brokerage accounts appeared on BitcoinEthereumNews.com. A set of new ETF filings wants to turn election outcomes
Share
BitcoinEthereumNews2026/02/22 12:06
Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”

Will the Fed’s first rate cut of 2025 fuel another leg higher for Bitcoin and equities, or does September’s history point to caution? First rate cut of 2025 set against a fragile backdrop The Federal Reserve is widely expected to…
Share
Crypto.news2025/09/18 00:27
Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50