- A heated governance debate over control of the Aave brand has reignited within the community after recent events.
- Aave Labs became the focus of scrutiny following a controversial December vote and perceived delays in resolving brand ownership.
- Founder Stani Kulechov’s $30 million London mansion purchase drew public attention amid the internal tensions.
- The underlying Aave protocol continues to be a major revenue generator, earning nearly $9 million in the last 30 days.
As 2025 concluded, the Aave community was embroiled in a fierce governance debate over the ownership and monetization of the lucrative Aave brand. The central conflict between Aave Labs, led by founder Stani Kulechov, and the broader Aave DAO had seemingly calmed but has now resurfaced. Consequently, the fundamental issue regarding who controls the multi-billion dollar protocol’s identity remains unresolved.
The debate escalated after a unilateral vote scheduled by Aave Labs during the Christmas period, which resulted in 55% voting against transferring brand assets to the DAO. Kulechov later posted a lengthy manifesto titled How AAVE will win outlining his vision for consumer products. However, since then, key delegates have confirmed they have not been involved in drafting a proposed resolution.
Meanwhile, Kulechov’s purchase of a $30 million mansion in London’s Notting Hill became public knowledge, drawing commentary from the community. Delegate Marc Zeller said Kulechov “has every right to be rich,” while also warning against doxxing. Kulechov used the attention to promote the Aave Labs-developed mobile app.
The tension is underpinned by the significant revenue the Aave brand commands. The protocol is the largest in DeFi with over $30 billion locked. It has generated nearly $9 million in revenue in the past month alone. Thus, the outcome of this governance struggle will determine who benefits from this substantial financial engine.
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