Bitcoin24h $88,123.39+1.06%

Ethereum24h $2,911.07+1.59%

BNB24h $875.52+0.51%

XRP24h $1.90+1.62%

Solana24h $123.69+2.60%

TRON24h $0.2958-0.12%

Dogecoin24h $0.1219+0.29%

Cardano24h $0.3513+1.67%

Bitcoin Cash24h $577.92-0.10%

Monero24h $461.18+2.28%

AAVE whale crashes token 10% amid ‘disgraceful’ governance vote

The author of a proposal on Aave DAO’s ownership of brand assets branded Aave Lab’s unilateral initiation of the vote “disgraceful.”

Aave Labs v DAO: Who controls the money — and the brand?

The Aave DAO seeks to take control of “brand assets” from Aave Labs, and the result will have a “long-lasting impact on DAOs in general.”

A debate over in-platform swaps has expanded into questions over who “owns” Aave, DeFi’s biggest app: Aave Labs or a DAO of tokenholders?

An Aave Labs integration of CoW Swap promising better prices and MEV protection has sparked a debate over whether fees belong to the DAO.

Aave is making moves to boost revenue and limit risks, offboarding Sky’s USDS and closing down v3 instances on three chains.