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The claim that “Aave will receive 7% of the $WLFI token supply,” which is trending in the cryptocurrency market, was denied by the $WLFI team, according to Wu Blockchain.
Speaking to WuBlockchain, the team stated that this information was “false and unfounded.”
The allegations emerged after a community member posted on the X platform. The post referenced a previously published proposal suggesting that AaveDAO would receive 20% of the protocol fees generated from $WLFI Aave v3 and approximately 7% of the total $WLFI supply.
Following these discussions, Aave founder Stani.eth responded “yes” to the question in a comment on X, claiming that an agreement had been reached, and described community rumors as the “art of the agreement.”
According to the rumors, Aave's alleged 7% token share is valued at approximately $2.79 billion. For comparison, $AAVE's current fully diluted market capitalization (FV) is $5.9 billion.
At the time of writing, $AAVE is trading at $354, a 7.5% increase in the last 24 hours. $AAVE's total market capitalization stands at $5.3 billion.
*This is not investment advice.