logo

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.

LayerZero has announced a $110 million acquisition of the Stargate proposal has been approved.
A Whale Shorts ETH, WLFI, and XPL, with a Total Position Value Exceeding $50 Million

You may also like

Share
copy

Gainers

Latest Crypto News

04:15

A certain whale sold off 500 BTC at $10.11 after a rug pull, incurring a loss of over $10.5 million.

03:45

Yesterday, the US SOL Spot ETF saw a net inflow of $5.3 million

03:15

Circle minted 1 billion USDC on the Solana network in the past 24 hours

02:15

A whale address bought 25.56 million ENA tokens in the past 4 days and still holds 5.78 million USDT to continue buying.

02:15

Crypto Fear & Greed Index Rises to 28, Exiting "Extreme Fear" Zone

Read more
Community
icon
icon
icon
icon
icon
icon
icon

Customer Support@weikecs

Business Cooperation@weikecs

Quant Trading & MMbd@weex.com

VIP Servicessupport@weex.com