$WLFI contract has recently drawn market attention, and although its performance is currently mediocre, the underlying business model is worth exploring in depth.

The project mainly consists of two core businesses: first, a stablecoin called usd1, which is expected to become a strong competitor to USDT and USDC; second, traditional DeFi business. Both directions contain huge profit potential.

The stablecoin business model is relatively mature, issuing currency by purchasing U.S. Treasury bonds, similar to the strategy adopted by Tether. It can be said to be a relatively robust profit model.

WLFI, as the governance token of the project, is undoubtedly important. It not only grants holders voting rights but is also closely tied to the locking mechanism. Although some well-known individuals obtained the tokens at preferential prices, they still face restrictions on liquidity.

According to market analysis, the private placement price of WLFI is between $0.015 and $0.05, while the public offering price is about $0.1. This price structure has sparked an interesting game: will various stakeholders compete to purchase $WLFI in order to gain voting rights?

Currently, the price trend of $WLFI is attracting attention. If its price drops close to the public offering price of $0.1, will investors consider establishing a long position at this price level? This question is worth pondering for every investor following the cryptocurrency market.

Overall, the $WLFI project demonstrates a unique business model and potential investment opportunities. However, like all cryptocurrency investments, investors should proceed with caution and fully understand the project's background and market risks before making any investment decisions.