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 a forensic review. What we’ve learned is now shaping a higher standard: WOLF has applied zero-trust security principals across all services and infrastructure with least privilege access and just-in-time privilege escalations.”
Amy Cooksey, CMO of Byrrgis and Wolf, added:
“Wolf’s response in securing half the supply on Streamflow and embedding stricter vendors and audits sets the standard that will be enforced across the entire Byrrgis ecosystem. Our vision is resilience at every layer, where communities can see alignment, trace commitments, and trust that the system is stronger than any single actor. That’s how Byrrgis differentiates itself: not by avoiding challenges, but by facing them head-on and emerging stronger.”
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.
