Aave’s WLFI Token Claims Denied
The assertion that “Aave will receive 7% of the WLFI token supply,” which has been circulating in the cryptocurrency community, was refuted by the WLFI team, as reported by Wu Blockchain.
In a statement to WuBlockchain, the team declared that this information was “false and unfounded.”
The controversy began when a community member posted on the X platform. This post referred to a previously released proposal that indicated AaveDAO would obtain 20% of the protocol fees generated from WLFI Aave v3 and about 7% of the overall WLFI supply.
In light of these discussions, Aave founder Stani.eth replied “yes” to a question in a comment on X, asserting that an agreement had been made, and labeled community speculations as the “art of the agreement.”
According to the rumors, Aave’s purported 7% token share is estimated to be worth around $2.79 billion. For context, AAVE’s current fully diluted market capitalization (FV) is $5.9 billion.
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As of the time of this writing, AAVE is trading at $354, reflecting a 7.5% rise over the past 24 hours. AAVE’s total market capitalization is at $5.3 billion.
This is not investment advice.
