WLFI Team: "Aave Will Receive 7% of the Total Supply of WLFI Token" Claim is False
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.
You may also like
Gainers
Latest Crypto News
A whale address bought 25.56 million ENA tokens in the past 4 days and still holds 5.78 million USDT to continue buying.
Crypto Fear & Greed Index Rises to 28, Exiting "Extreme Fear" Zone
A whale address has deposited 2 million U into HyperLiquid to leverage 5x long on SOL
Current mainstream CEX, DEX funding rate display shows that the market is still in a strong bearish sentiment.
U.S. Bank is currently testing the issuance of a custom stablecoin on the Stellar network.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]