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BTC $78,426.56 -1.01%
ETH $2,484.66 -0.29%
BNB $749.40 +1.30%
XRP $1.43 +2.44%
SOL $103.23 -0.85%
TRX $0.3386 +1.28%
DOGE $0.0898 -0.25%
ADA $0.2217 +0.84%
BCH $257.25 -1.28%
LINK $12.61 -1.30%
HYPE $84.54 -0.56%
AAVE $129.15 -2.33%
SUI $0.8125 -1.43%
XLM $0.1889 -1.72%
ZEC $1,155.29 -0.07%

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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