Mars Finance news, a suspected member of the WLFI Wallet team, Dylan_0x (@0xDylan_), posted to deny the proposal related news that 'Aave will receive 7% of the total WLFI tokens.' As a result, AAVE dropped from a high of $385.99 to $365, with a short-term decline exceeding 5%.
Crypto KOL @Luyaoyuan1 expressed views on this incident stating, 'Previously, I firmly believed that Aave had this 7% and 20% protocol revenue to go long on AAVE, but a few weeks before the WLFI announcement, I saw the weakness of AAVE/ETH and also noticed the lagging rise of Aave. Rumors suggest that if WLFI does not fork, they do not intend to give 7% of the tokens to AAVE. It should not be surprising as there is a precedent; SPK defaulted on a 10% yield and ultimately only gave 1%, and it ended up fizzling out. WLFI said it would fully unlock during the public offering, but now it has changed to partial unlock. AAVE is now a repeatedly deceived project. If there is a default, support AAVE to sue WLFI.'