Aave Labs is asking token holders to approve a funding package of approximately 50 million dollars. The package includes 42.5 million dollars in stablecoins (25 million dollars core grant and 17.5 million dollars tied to product milestones) and 75,000 AAVE tokens (worth approximately 8 million dollars). In return, Aave Labs will direct all revenue from AAVE detailed analysis products (aave.com, Aave App, Aave Card, Aave Pro, Aave Kit, Aave Horizon) to the Aave DAO treasury. The proposal also includes ratifying Aave V4 as the protocol’s long-term technical foundation and establishing a foundation to manage the Aave brand.
Source: Aave
Main Elements of the Aave Labs DAO Proposal
- 50 Million $ Funding: 25M $ stablecoin grant + 17.5M $ milestone-based + 75K AAVE (~8M $)
- 100% Revenue Sharing: All Aave branded product revenues to DAO
- Aave V4 Approval: Technical foundation for the protocol’s future
- Brand Foundation: New structure to manage the Aave brand
According to the latest breaking news, Aave Labs commits to leaving 100% of product revenues to the DAO treasury. This is a major compromise following the rejected brand asset transfer vote in December. The proposal aims to merge protocol and product revenues in the DAO.
Critical Support and Resistance Levels for AAVE
AAVE price at 112.94 $ level, 24h change +2.80%. RSI 36.41 (oversold signal), overall trend bearish. Critical levels:
- Supports: S1 92.25$ (Strong, -18.32%), S2 108.21$ (Strong, -4.19%)
- Resistances: R1 115.70$ (Strong, +2.44%), R2 145.56$ (Strong, +28.88%)
For detailed charts, check AAVE futures. This proposal vote could impact the price.
Community Reactions: Criticisms and Supports
Aave Chan Initiative founder Marc Zeller, noting that it covers a large part of the DAO treasury, demands splitting the vote, net revenue definition, and token wallet disclosure. DefiIgnas calls it a “major compromise” but wants transparency. Aave founder Stani Kulechov says it’s beneficial for DAO growth. The proposal is in the preliminary approval stage.
Frequently Asked Questions About the AAVE DAO Proposal
How much funding is Aave Labs requesting? Approximately 50 million dollars (stablecoin + AAVE).
What does it give in return? 100% of product revenues to DAO + V4 approval.
What is the status of the vote? In preliminary approval stage, proceeding with criticisms.
Source: https://en.coinotag.com/aave-labs-seeks-50-million-funding-approval-from-dao