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Aave Labs Wants $33M from DAO for Product Revenue Rights

Aave Labs is seeking one-quarter of the DAO's cash reserves for future product rights.
Aave Labs Wants $33M from DAO for Product Revenue Rights
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Aave Aave Labs, the centralized development company behind blockchain-based lending marketplace Aave, just published an "Aave Will Win Framework" to the DAO's governance portal.

What's the Scoop?

  • Broad Strokes: In the words of Aave Labs, this latest governance submission details, "a strategic framework proposal for Aave’s next chapter." It proposes that Aave DAO receive 100% of all Aave Labs "product revenue", implores Aave DAO to ratify the strategic direction of V4, seeks to create a foundation to steward the Aave brand, and (most contentiously) seeks the transfer of $25M cash and 75K AAVE (~$33.3M) from the DAO to Labs to fund various costs.
  • Community Pushback: The proposal appears dead-on-arrival with some Aave DAO members. Notable community steward and Aave Chan Initiative founder Marc Zeller criticized the proposal for raiding one-quarter of the DAO's treasury in exchange for undefined/intangible future revenues and "zero enforceable commitments."

Jack Inabinet

Written by Jack Inabinet

932 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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