CoinVoice has recently learned that, according to reports from crypto media Wu Says, on August 24, Aave officials and the WLFI team had a disagreement over 'Aave will receive 7% of the total supply of WLFI tokens,' leading to significant price fluctuations in the AAVE token. The timeline of the event is as follows: on December 6, 2024, the WLFI team released a proposal for 'Launching the Aave V3 instance on the Ethereum mainnet,' which was passed on December 13.
According to the previously released proposal, Aave, as the WLFI lending ecosystem partner, 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 receive 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. 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.
Last night at 20:30, when Aave founder Stani.eth responded to questions about 'Is the WLFI and AAVE protocol still effective? Are they really building on Aave? There are many different rumors from the outside,' he stated that the protocol is still valid. 'At the current price, the Aave treasury will receive WLFI worth $2.5 billion, making it one of the biggest winners of this cycle.' In response to this view, the Aave founder prominently retweeted and commented, 'The art of the deal.'
Last night at 22:32, a suspected member of the WLFI Wallet team, Dylan_0x (@0xDylan_), published a statement denying the association of the proposal 'Aave will receive 7% of the total supply of WLFI tokens,' and AAVE briefly dropped over 5%. At 00:13 this morning, the WLFI team stated that the claim 'Aave will receive 7% of the total supply of WLFI tokens' is inaccurate and is fake news.
Subsequently, Aave founder Stani.eth responded below his tweet, stating that the proposal created by the WLFI team has been voted on and passed in Aave DAO, receiving approval from WLFI, and included the proposal link.
CoinVoice Note: Currently, there is no public channel to verify the specific identity information of Dylan_0x (@0xDylan_), investors should exercise caution and pay attention to asset protection. [Original link]
