WLFI Team: "Aave Will Receive 7% of the Total Supply of WLFI Token" Claim is False

By: theblockbeats.news|2025/08/24 01:22:14

BlockBeats News, August 24th, according to Wu Shuo's report, the WLFI team stated that the claim "Aave will receive 7% of the total WLFI token supply" is false and is fake news.

However, contradictorily, according to a previously released proposal, Aave, as a WLFI lending ecosystem partner, WLFI will adopt the same reserve factor mechanism in this Aave v3 instance as 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 WLFI token supply for participation in future WLFI governance processes, liquidity mining, and driving the decentralization of the WLFI platform.

Last night, a suspected member of the WLFI Wallet team, Dylan_0x (@0xDylan_), denied the association of the proposal that "Aave will receive 7% of the WLFI total token supply." AAVE experienced a short-term drop of over 5%. Aave founder Stani.eth responded to questions about the "Is WLFI's relationship with AAVE protocol still valid? Are they really building on Aave? There are many different rumors from the outside world" at 20:30 yesterday, stating that the protocol is still valid. This matter has not yet been conclusively resolved.

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