「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 03:42:15

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.

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