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ETH $1,552.45 -2.28%
BNB $572.38 -1.14%
XRP $1.09 -1.42%
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TRX $0.3205 -0.27%
DOGE $0.0810 -0.70%
ADA $0.1575 -1.01%
BCH $216.67 +0.34%
LINK $7.31 -0.48%
HYPE $57.80 -4.29%
AAVE $59.87 -2.68%
SUI $0.7114 +2.34%
XLM $0.2004 +7.25%
ZEC $339.84 +1.05%

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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