Aave Founder: DAO's earnings this year exceeded the total of the past three years, reaching $140 million, and the funds used to buy AAVE were not used for proposal voting.
ChainCatcher reports that Aave founder and CEO Stani.eth stated on the X platform that the recent DAO vote has concluded and has sparked important questions about the relationship between Aave Labs and $AAVE token holders. This has been a productive discussion crucial to Aave’s long-term healthy development. Although the process was somewhat chaotic, debate and disagreement are inherent features of decentralized governance.
Stani.eth pointed out: “I am committed to making the economic interests between Aave Labs and $AAVE token holders clearer. Our explanations in this area are still not perfect, and we will strive to improve in the future. Additionally, one point was overlooked in this discussion: the DAO has already earned $140 million this year, surpassing the total earnings of the past three years, and $AAVE token holders have control over this fund.
In the future, we will more clearly articulate how products developed by Aave Labs create value for the DAO and $AAVE token holders.” Regarding the community’s hot topic about spending $15 million to buy $AAVE tokens, Stani.eth clarified: “These tokens were not used to vote on the recent proposal, and that was never my intention. This is my lifelong career, and I support my beliefs with my own funds.”
Earlier, the proposal for the attribution of Aave brand assets was rejected, with over 55% voting against and 41% abstaining.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Aave Founder: DAO's earnings this year exceeded the total of the past three years, reaching $140 million, and the funds used to buy AAVE were not used for proposal voting.
ChainCatcher reports that Aave founder and CEO Stani.eth stated on the X platform that the recent DAO vote has concluded and has sparked important questions about the relationship between Aave Labs and $AAVE token holders. This has been a productive discussion crucial to Aave’s long-term healthy development. Although the process was somewhat chaotic, debate and disagreement are inherent features of decentralized governance.
Stani.eth pointed out: “I am committed to making the economic interests between Aave Labs and $AAVE token holders clearer. Our explanations in this area are still not perfect, and we will strive to improve in the future. Additionally, one point was overlooked in this discussion: the DAO has already earned $140 million this year, surpassing the total earnings of the past three years, and $AAVE token holders have control over this fund.
In the future, we will more clearly articulate how products developed by Aave Labs create value for the DAO and $AAVE token holders.” Regarding the community’s hot topic about spending $15 million to buy $AAVE tokens, Stani.eth clarified: “These tokens were not used to vote on the recent proposal, and that was never my intention. This is my lifelong career, and I support my beliefs with my own funds.”
Earlier, the proposal for the attribution of Aave brand assets was rejected, with over 55% voting against and 41% abstaining.