Aave (AAVE)

Aave Labs just asked the DAO for $50 million. In exchange, they promise to give back revenue that arguably already belongs to the protocol. @Marczeller is calling it a slow-motion coup. Aave Labs calls it alignment. The truth sits somewhere between corporate restructuring and calculated leverage. Here's what's actually happening: — ➠ The Exchange Aave Labs wants: ❶ $25M upfront in stables ❷ $20M streamed over 12 months ❸ 75,000 $AAVE vested over 2 years Total ask: ~$50M in runway — What the DAO receives: ❶ 100% revenue from Aave-branded products (App, Pro, Card, Aave .com domain) ❷ Aave V4 as the ratified protocol architecture ❸ Formal IP and brand management structure The pitch → Aligning incentives by giving you the revenue stream → You just fund the builders. — ➠ The Controversy Critics argue this is value extraction disguised as partnership. ▸ The DAO implicitly owns protocol revenue already. Labs is asking $50M to formalize what should exist by default. ▸ No binding contracts in the

Since ETHLend in 2017, our mission has been to bring DeFi to the masses, powered by the Aave protocol and an application layer that now provides access to a $50B+ liquidity network. Today, we’re proposing a new framework where Aave Labs becomes fully token-centric and redirects 100% of product-level revenue to the Aave DAO. This formalizes alignment between Aave Labs and the Aave DAO in service of token holders. The Aave Will Win Framework expands Aave DAO’s revenue base beyond protocol revenue established by AIP-1 to include non-protocol and offchain revenue, materially increasing the DAO’s capacity to grow its treasury. This would position the DAO to fund growth, increase buybacks, and pursue other opportunities as it sees fit. We believe Aave will serve as the backbone of global finance, a market measured in the hundreds of trillions. Building at the product layer creates new revenue for the DAO and helps scale Aave to mainstream adoption and bring DeFi to everyone. Our goal is to achieve all of this

Aave Labs just asked the DAO for $50 million. In exchange, they promise to give back revenue that arguably already belongs to the protocol. @Marczeller is calling it a slow-motion coup. Aave Labs calls it alignment. The truth sits somewhere between corporate restructuring and calculated leverage. Here's what's actually happening: — ➠ The Exchange Aave Labs wants: ❶ $25M upfront in stables ❷ $20M streamed over 12 months ❸ 75,000 $AAVE vested over 2 years Total ask: ~$50M in runway — What the DAO receives: ❶ 100% revenue from Aave-branded products (App, Pro, Card, Aave .com domain) ❷ Aave V4 as the ratified protocol architecture ❸ Formal IP and brand management structure The pitch → Aligning incentives by giving you the revenue stream → You just fund the builders. — ➠ The Controversy Critics argue this is value extraction disguised as partnership. ▸ The DAO implicitly owns protocol revenue already. Labs is asking $50M to formalize what should exist by default. ▸ No binding contracts in the

Today we are proposing the Aave Will Win Framework, a new alignment framework that directs 100% of product revenue to the Aave DAO treasury under a token-centric model. https://t.co/8PyBY1kxSi

[ ZOOMER ] MARC ZELLER, FOUNDER OF ACI, COMMENTS ON AAVE LABS RECENT PROPOSAL, SAYING IT IS "TEXTBOOK EXTRACTION" TO ASK FOR A "QUARTER OF ALL TREASURY MONEY AND A THIRD OF $AAVE RESERVES": COMMENT TO ZOOMER NEWS