WLFI launch countdown: Sun Yuchen and other early investors profited more than tenfold, while Aave's profit sharing proposal was controversial. > Backed by the Trump family, crypto project WLFI is set to launch on Ethereum mainnet on September 1. Since its 2024 debut, it has undergone two fundraising rounds, yielding up to 14x returns for early investors, with Justin Sun as the largest individual backer. > The launch announcement pushed WLFI’s pre-market valuation to $55B, though prices soon retreated. The project has a total supply of 100B tokens, with 35% allocated to sales and minimal allocation to the team and advisors. > A major controversy now surrounds a 7% token allocation deal with Aave. While the proposal was overwhelmingly approved by the Aave community in December 2024, WLFI has recently denied its validity. Aave’s founder insists the deal stands, dividing community opinion. > The dispute highlights the practical challenges of on-chain governance—community-approved proposals still rely on negotiation and willingness for execution. Note: This article is AI-translated, slight inaccuracies may exist.
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