The Reality: 🤯 $WLFI, branded as "DeFi," has a contract packed with centralized controls, including admin buttons, blacklist switches, and upgradeable proxy functions.
Red Flags: 🚩
- Upgradeable Proxy: Admin can swap contract logic anytime 🔄
- Owner Powers: Pause transfers, blacklist wallets, reallocate balances 🚫
- Rescue Functions: Admin can pull tokens from the contract 🛠
- Centralized Control: No proof of multisig or timelock governance 👥
The Verdict: 🚫 WLFI scores 25/100, more like CeFi-in-disguise than true DeFi. Questions remain unanswered: Who holds unilateral blacklist power? Where's the security if funds can be frozen? 🤔
Conclusion: 👉 A protocol with centralized control isn't DeFi - it's TradFi with a blockchain mask. Until WLFI addresses these concerns, it's World Limited Financial, not World Liberty Financial. 🚫
