Viewpoint: It is inaccurate to regard the allocation of WLFI Token as the intrinsic value of Aave, and the 7% token allocation terms are overly high.

On August 24, Mindao, the founder of the DeFi protocol dForce, expressed his opinion on the "whether Aave can obtain 7% of the total supply of WLFI tokens" event, stating that Aave's previous cooperation with Spark obtained a 10% revenue share. In comparison, the terms of Aave and WLFI's cooperation, which yield "20% revenue sharing + 7% token allocation," are obviously too generous and do not align with the deal terms that the Trump family would be willing to agree to. The WLFI project is backed by the Trump brand, and with the subsequent addition of new U.S. encryption policies, WLFI's issuance of USD1 allows its narrative to transition directly from "crypto bank" to a combination of "Aave + Circle," significantly increasing its valuation. Aave's founder Stani.eth publicly retweeted the view that "based on current prices, Aave's treasury will gain WLFI worth 2.5 billion USD, making it one of the biggest winners in this cycle," calling it the art of the deal. Subsequently, AAVE surged to reach 385 USD. Mindao stated that some users view the WLFI token allocation as Aave's intrinsic value, a judgment that is not accurate, as neither party's proposal mentioned that WLFI would allocate tokens to Aave's treasury; instead, it is primarily used for Liquidity Mining incentives, and AAVE token holders will not directly receive distributions. The expected subsequent development of the event is that WLFI will completely abandon Aave and prompt the contract to become null and void. Alternatively, WLFI may significantly reduce the token distribution share and allocate it to incentivize USD1 lending minting as a subsidy for targeted stablecoin minting operations.