Aave DAO to vote on $50M proposal, sparking community conflict. On February 26, members of the Aave DAO will hold a preliminary vote on the Aave Will Win proposal. The initiative has sparked conflict within the community as Aave Labs has requested funding of approximately $50 million. According to the proposal, developers would receive $42.5 million in stablecoins and 75,000 AAVE tokens.
In return, they promise to direct 100% of the revenues from Aave-branded products to the DAO treasury. The proposal also includes a plan to develop Aave v4 as the protocol’s foundation. On the eve of the vote, both sides published opposing reports. Mark Zeller, founder of the Aave Chan Initiative (ACI), calculated that Aave Labs has already received $86 million over time, including funds from the ICO, venture investors, and DAO sponsors.
Zeller emphasized that future grants should be evaluated based on their impact on revenues. He demanded transparent reporting and suggested splitting the initiative into several votes. In response, Aave Labs released its own report. The team reminded that they created versions v1, v2, and v3, as well as key monetization protocols like flash loans.
Developers argue that real work on code, security, and infrastructure cannot be measured by the number of forum posts written. Some community members have expressed concern over the size of the requested amount.
The transfer of 75,000 AAVE also raises issues, as these assets confer voting rights within the project. Critics demand a clearer definition of revenues and disclosure of governance token data. As reported, from April 1, BGD Labs, one of Aave’s key technical developers, will cease cooperation with the project due to “radical changes” in the DAO’s structure.
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