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XRP $1.10 -0.00%
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TRX $0.3318 +0.33%
DOGE $0.0726 -0.30%
ADA $0.1644 -0.73%
BCH $218.37 +4.03%
LINK $8.59 +2.10%
HYPE $58.97 +1.07%
AAVE $96.24 +4.72%
SUI $0.7116 -0.33%
XLM $0.1792 +0.19%
ZEC $491.73 +0.98%

WLFI team: "The statement that Aave will receive 7% of the total supply of WLFI tokens is false."

2025-08-24 09:59:10
Collection

ChainCatcher news reports that, according to Wu, the WLFI team stated that "Aave will receive 7% of the total supply of WLFI tokens" is untrue and is fake news.

According to a previously released proposal, Aave, as a lending ecosystem partner of WLFI, will adopt the same reserve factor mechanism in this Aave v3 instance as in the main Aave instance. AaveDAO will receive 20% of the protocol fees generated by the WLFI Aave v3 instance and will receive approximately 7% of the total supply of WLFI tokens for participation in future WLFI governance processes, liquidity mining, and promoting the decentralization of the WLFI platform.

Previously, a suspected member of the WLFI Wallet team, Dylan0x (@0xDylan), posted to deny the proposal-related news that "Aave will receive 7% of the total WLFI tokens." AAVE briefly dropped over 5%.

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