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Few DAOs have had a larger role in DeFi’s rise than Aave, but today one of Ethereum’s most influential lending apps finds itself locked in a bitter internal struggle over how the decentralized protocol is governed.
Although AAVE held up relatively well through February, price strength did little to shield the protocol from escalating governance turmoil. A wave of high-profile departures in recent weeks, driven by mounting concerns over centralization, has rattled the community surrounding DeFi’s largest lending platform.
Today, we’re unpacking the ferocious war waging within Aave DAO in hopes of better understanding the potential implications for Aave and its depositors. 👇
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