- Stani Kulechov denies buying AAVE to influence a governance vote, saying bought tokens were not used to vote (statement).
- The Aave community rejected a proposal to move brand assets to the DAO, with the vote returning more than 55% “nay” and about 41% abstentions (vote results).
- Controversy began after a post questioned fees from a CoW Swap integration being routed to an Aave Labs-controlled wallet (post).
- Former Aave Labs CTO Ernesto Boado says a proposal was listed without his consent (comment).
Stani Kulechov, founder and CEO of Aave Labs, denied claims that he purchased $15 million in Aave (AAVE) tokens to affect a recent governance vote, saying the tokens were not used to vote. In an online post, Kulechov wrote that buying the tokens reflects personal conviction and capital commitment (said).
The dispute followed a proposal to transfer Aave brand assets into control of the Aave DAO. The motion was prompted by questions alleging fees from a recent integration with the DEX aggregator CoW Swap were sent to a wallet controlled by Aave Labs rather than the DAO (post).
The community vote rejected the proposal, with over 55% voting “nay,” about 41% abstaining, and roughly 3.5% in favor, according to published results (data). Several members said the vote was rushed and did not follow normal governance procedures.
Former Aave Labs CTO Ernesto Boado stated he did not know the proposal was being listed and would not have approved its submission had he been consulted (said). The debate centers on where fees and brand assets should reside within the protocol’s governance framework.
Definitions: A DAO (decentralized autonomous organization) is a community-led structure for managing a blockchain project. A DEX aggregator is a service that routes trades across multiple decentralized exchanges to find better prices.
Requests for comment to Kulechov received no response by publication. “In the future, we’ll be more explicit about how products built by Aave Labs create value for the DAO and AAVE token holders,” he added in his post (said).
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