TLDR
- Aave DAO approved a $25 million stablecoin grant for Aave Labs in a binding vote.
- The proposal passed with 522,780 AAVE in favor and 175,310 AAVE against.
- The package includes 75,000 AAVE vesting over 48 months from the reserve.
- ACI cast the largest opposing vote with 166,200 AAVE against the proposal.
- The approved plan is the first binding part of the ”Aave Will Win” framework.
Aave DAO has approved a $25 million funding grant for Aave Labs in a binding governance vote. The decision marks the first approved part of the ”Aave Will Win” framework. The proposal also grants 75,000 AAVE to Aave Labs through a four-year vesting plan.
Vote passes with clear majority
The proposal closed on Sunday with 522,780 AAVE voting in favor. Another 175,310 AAVE voted against it. That gave the measure about 75% support on the governance dashboard.
The result was stronger than the earlier temp check in March. That earlier vote passed with 52.58% support. Critics had questioned that process and pointed to votes from addresses linked to Aave Labs.
The approved package includes a stablecoin grant from the DAO’s Collector Contract. It starts with a 5 million aEthLidoGHO allowance. It also adds a 5 million stream over six months and a 15 million stream over 12 months.
The proposal also assigns 75,000 AAVE from the Ecosystem Reserve. Those tokens will vest linearly over 48 months. That timeline is longer than the 24-month schedule in the original temp check.
ACI leads opposition as contributor tensions continue
The Aave Chan Initiative cast the largest vote against the proposal. It used 166,200 AAVE to oppose the measure. The group had already signaled its stance before the vote ended.
Marc Zeller had opposed the plan earlier. The Block reported in March that ACI would not renew its DAO engagement. The group plans to leave by July after raising concerns about governance control.
Several major delegates supported the proposal. A wallet linked to ParaFi Capital voted with 190,000 AAVE. Delegate ”luggis.eth” backed it with 123,580 AAVE, while Areta and Token Logic also supported it.
The governance debate has unfolded during a wider contributor shake-up. BGD Labs ended its engagement on April 1. Chaos Labs also announced its exit last week after saying its 2025 budget did not cover expected work.
Funding plan ties to wider Aave strategy
The approved vote covers only the first funding request under the broader framework. Under that plan, revenue from Aave-branded products would flow to the DAO treasury. In return, the DAO would fund Aave Labs’ product development.
The framework covers products such as aave.com swaps, Aave Pro, the Aave App, Horizon, and Aave Kit. Future grants tied to launches will need separate proposals. The current vote does not approve those later payments.
After the result, Stani Kulechov described the decision as ”the most important proposal in Aave’s history”. He also set out a longer-term plan for consumer products and fintech links. He said the group would also seek more regulatory licenses for fiat onboarding.
Execution is scheduled for Monday afternoon. After that, the approved funds will begin streaming to an Aave Labs-controlled address. AAVE fell nearly 5% over 24 hours, although it recovered slightly after the vote passed.
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