WOOFi Proposal: 300 Million WOO Tokens to be Permanently Burned, Voting Phase Begins According to ChainNews, WOOFi, the DEX protocol within the WOO ecosystem, has announced that its proposal to permanently burn 300 million locked WOO tokens (approximately 15% of the total supply) has entered the voting phase. This action will bring the circulating supply to 100% FDV, preventing future dilution. If the proposal passes, it will also terminate the current "matching + burning" mechanism. The revenue distribution method remains unchanged: 40% will be distributed to token holders through WOO staking; 40% will be used for buybacks and burning; and 20% will be used for foundation expenses. Voting is based on staking experience points (XP) earned through WOO staking, and the voting period is 7 days, starting at 21:30 UTC on January 5th.