「Aave to Receive 7% of WLFI Total Token Supply」 Sparks Ongoing Disagreement, with Both Sides Holding Firm Without Resolution

By: theblockbeats.news|2025/08/24 11:42:15
0
Share
copy

BlockBeats News, August 24th, a dispute occurred between the Aave team and the WLFI team regarding "Aave to Receive 7% of WLFI Total Token Supply," causing a significant price fluctuation of the AAVE token. The timeline of this event is as follows:

On December 6, 2024, the WLFI team proposed "Launching an Aave V3 Instance on the Ethereum mainnet" and it was approved on December 13. According to the 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 WLFI total token supply for future participation in WLFI governance processes, liquidity mining, and driving decentralization of the WLFI platform.

Yesterday evening at 8:30 PM, Aave founder Stani.eth responded to questions about the validity of the "Is WLFI still valid with the AAVE protocol? Are they really building on Aave? There are many different rumors from the outside world" by stating that the protocol is still valid. He emphasized that "at the current price, the Aave treasury will receive WLFI worth 2.5 billion dollars, making it one of the biggest winners in this cycle," calling it the art of the deal. Subsequently, AAVE surged to $385.

Yesterday evening at 10:32 PM, a presumed member of the WLFI Wallet team, Dylan_0x (@0xDylan_), posted denying the proposal-related news of "Aave to Receive 7% of WLFI Total Token Supply," causing AAVE to temporarily drop more than 5%.

Early this morning at 12:13 AM, according to the crypto media Wu Shuo, the WLFI team stated that the news about "Aave receiving 7% of the total WLFI token supply" was false, calling it fake news. Aave founder Stani.eth responded below his tweet, stating that the proposal created by the WLFI team had been voted on and approved in the Aave DAO, with WLFI's endorsement, and provided a link to the proposal.

BlockBeats Note: This matter currently lacks a conclusion, and there is no official public channel to verify whether Dylan_0x (@0xDylan_) is a member of the WLFI Wallet team. Aave founder Stani.eth has spoken on behalf of the Aave team, and the WLFI team has not yet responded through official channels. BlockBeats will continue to track the progress of the event.

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com