ChainCatcher message, according to a report by crypto media Wu Says, on August 24, the Aave official team and the WLFI team had a disagreement over "Aave will receive 7% of the total supply of WLFI tokens," triggering 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 titled "Launch Aave V3 instance on Ethereum mainnet," which was passed 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 future participation in WLFI governance processes, liquidity mining, and promoting the decentralization of the WLFI platform. Revenue distribution will be achieved through a trustless smart contract, which will directly allocate the corresponding proportion of the protocol fees to the AaveDAO treasury address and the WLFI treasury address.
Yesterday evening at 20:30, Aave founder Stani.eth responded to questions regarding "Is the agreement between WLFI and AAVE still valid? Are they really building on Aave? There are many different rumors from the outside" by stating that the agreement is still valid. "Based on 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, the Aave founder publicly retweeted and commented, "The art of the deal."
Yesterday evening at 22:32, a member of the suspected WLFI Wallet team, Dylan_0x (@0xDylan_), posted to deny the associated news of the proposal stating, "Aave will receive 7% of the total amount of WLFI tokens," causing AAVE to temporarily drop more than 5%. This morning at 00:13, the WLFI team stated that the matter of "Aave will receive 7% of the total supply of WLFI tokens" was untrue and was fake news.
Subsequently, 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, receiving approval from WLFI, along with a link to the proposal.
ChainCatcher note: Currently, there is no public channel to verify the specific identity information of Dylan_0x (@0xDylan_), and investors should exercise caution and pay attention to asset protection.
