"Aave will receive 7% of the total WLFI tokens" event summary, Aave founder states that the proposal has been approved

ChainCatcher news, according to a report by crypto media Wu Shuo, on August 24, Aave officials and the WLFI team had a disagreement over "Aave will receive 7% of the total supply of WLFI tokens," leading to significant price fluctuations of the AAVE token. The timeline of the event is as follows: On December 6, 2024, the WLFI team released a proposal for "Launching Aave V3 instance on the Ethereum mainnet," which was approved on December 13.

According to the 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 obtain 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. Revenue distribution will be implemented through a trustless smart contract, which will directly allocate the corresponding proportion of protocol fees to the AaveDAO treasury address and the WLFI treasury address.

Last night at 20:30, Aave founder Stani.eth responded to questions regarding "Is the WLFI and AAVE protocol still valid? Are they really building on Aave? There are many different rumors from the outside," stating that the protocol is still valid. "At the current price, the Aave treasury will receive WLFI worth $2.5 billion, making it one of the biggest winners in this cycle." In response to this view, Aave founder publicly retweeted and commented, "The art of the deal."

Last night at 22:32, a suspected member of the WLFI Wallet team, Dylan0x (@0xDylan), posted to deny the association of the proposal stating "Aave will receive 7% of the total supply of WLFI tokens," causing AAVE to drop over 5% temporarily. Early this morning at 00:13, the WLFI team stated that the claim "Aave will receive 7% of the total supply of WLFI tokens" is false and is fake news.

Subsequently, Aave founder Stani.eth responded below his tweet, stating that the proposal created by the WLFI team has been voted on and approved in Aave DAO, receiving approval from WLFI, and included a link to the proposal.

ChainCatcher Note: Currently, there is no public channel to verify the specific identity information of Dylan0x (@0xDylan), and investors should exercise caution and pay attention to asset protection.