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ETH $2,485.40 -0.38%
BNB $750.94 +1.51%
XRP $1.41 +1.05%
SOL $103.14 -0.98%
TRX $0.3379 +1.02%
DOGE $0.0897 -1.10%
ADA $0.2210 +0.19%
BCH $256.58 -1.53%
LINK $12.53 -2.08%
HYPE $84.31 -1.18%
AAVE $129.10 -2.56%
SUI $0.8113 -2.51%
XLM $0.1882 -2.24%
ZEC $1,158.63 +0.42%

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

2025-08-24 09:59:10

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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