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BNB $604.41 -0.51%
XRP $0.9990 -0.07%
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TRX $0.3313 -0.08%
DOGE $0.0700 +0.13%
ADA $0.1732 -1.77%
BCH $203.68 -0.30%
LINK $9.44 +1.22%
HYPE $58.95 +3.18%
AAVE $86.75 +0.31%
SUI $0.6739 -0.67%
XLM $0.1572 +0.15%
ZEC $511.99 +3.99%

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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