The price of aave (Ghost) The token dropped more than 8% on Saturday, following rumors that the decentralized financial protocol (DEFI) would receive another token allocation from World Liberty Financial (WLFI), a DEFI platform supported by family members of President Donald Trump’s President Donald Trump.
“The WLFI team told wublockchain that claiming that ‘AAVE will receive 7% of the total WLFI token supply’ is false and fake news,” Blockchain reporter Colin Wu SaysSparking a debate about rumors and token arrangements on social media.
Wu has referred to a WLFI community proposal From October 2024, outlining an arrangement Where the Aave Decentralized Autonomous Organization (DAO), responsible for the managing of the protocol, will receive 7% of WLFI Governance token’s Circulating supply and 20% of the Protocol revenue generated by the WLFI deployment in AAVE V3.
Aave founder Stani Kulechov Called The proposal “The Art of the Deal” on Saturday, and, in a separate post, Signed The terms of the proposal are still valid. Following the rumors, the AAVE token fell from about $ 385 to low $ 339 before bouncing to nearly $ 352.
Cointelegraph reached World Liberty Financial and AAVE spokesman but did not receive a response at the time of publication.
Rumors about arranging between Aave and World Liberty came amid a renewed interest in the defi and Growing institutional involvement In the niche of crypto.
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The defi sector rises as institutions noticed
Total amount locked (TVL) in Defi Protocols is currently more than $ 167 billion, According to At Defillrama, and approaching the entire time high over $ 212 billion from December 2021.
The Defi TVL has risen strongly following the results of the 2024 US election in the hope of a more lovely regulatory climate for cryptocurrencies in the country.
Institutional investors, including banks, asset managers, corporations, and financial services, will grow stronger involved in crypto and defishaping many of the narratives during the current market cycle.
This involvement has picked up a crypto community debate about Regulations to the government’s government to unauthorized protocols and the potential obtaining the defi of traditional financial institutions.
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