Foresight News reports that regarding the news in the market about 'Aave holding 7% WLFI', WLFI team member Dylan stated, 'This is fake news.'
However, according to the previously published proposal, Aave, as the WLFI lending ecosystem partner, will adopt the same reserve factor mechanism as the main Aave instance in this Aave v3 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. The revenue distribution will be implemented through a trustless smart contract that will directly allocate the corresponding proportion of the protocol fees to the AaveDAO treasury address and the WLFI treasury address.
