Tokenholders backed a $42.5 million stablecoin package and 75,000 AAVE allocation for Aave Labs under a proposed DAO-funded revenue model. Aave’s “Aave Will Win” framework passed its Temp Check vote, clearing the first formal stage of the protocol’s governance process. On Sunday, the off-chain Snapshot vote closed with 52.58% voting in favor, 42% against and 5.42% abstaining. The result advances the measure to the Aave Request for Final Comment (ARFC) stage, where terms may be revised before any binding on-chain vote. The framework asks tokenholders to approve up to $42.5 million in stablecoins and 75,000 Aave (AAVE) tokens for Aave Labs. In return, the organization would route 100% of revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating model. Read more
DefiLlama data shows derivatives contribute heavily to DeFi’s $1 billion-plus quarterly revenue as lending and trading infrastructure converge. Decentralized perpetual futures exchange (perp DEX) Grvt said it has integrated the Aave lending protocol to let traders earn yield on collateral posted for margin while keeping their derivatives positions open. The company said Thursday that the feature is designed to reduce the opportunity cost of margin collateral that typically sits idle on trading venues. Perpetual futures are crypto derivatives that track an asset’s price and do not expire. “On most platforms, your capital can only do one thing at a time,” Hong Yea, CEO of Grvt, told Cointelegraph. “Your stablecoins are either earning yield or available to trade, but not both.” He said the integration aims to let users deposit once and use the same capital as active margin while earning lending returns. Read more
Competing reports outline contrasting views on protocol revenue, development and funding accountability. A governance dispute inside the Aave ecosystem intensified after two detailed reports offered contrasting interpretations of the protocol’s past funding and contributions ahead of a vote on a proposed $50 million package for Aave Labs. Aave Chan Initiative (ACI) founder Marc Zeller on Wednesday published what he called a transparency report reviewing Aave Labs’ historical funding and applied a return-on-investment framework to past DAO grants. Hours earlier, Aave Labs released its own contributions report outlining its role in building the protocol since 2017. The dispute centers on the “Aave Will Win” framework, a proposal asking tokenholders to approve funding worth up to $42.5 million in stablecoins and 75,000 AAVE (AAVE) tokens. In return, Aave Labs would route 100% of revenue from Aave-branded products to the Aave DAO treasury under a DAO-funded operating model, according to the proposal and related ...
After four years contributing, BGD Labs said it would be leaving the DAO, citing changes to the organization and taking an “adversarial position“ to its liquidity protocol. BGD Labs, a core technical contributor to decentralized finance protocol Aave, said it will conclude its involvement with the project’s DAO on April 1 after four years. In a Friday forum post on Aave, BGD cited an “asymmetric organizational scenario,” which it said the DAO has “badly executed” without consideration of contributors’ expertise. The contributor added that Aave had taken an “adversarial position” of the third version (v3) of its protocol to promote features in the fourth (v4). “While all previous points that BGD should just keep contributing on the v3 side exclusively, the situation created makes it nonsensical to us: every time we think/will think about improving v3, there will be some type of implicit/explicit artificial constraint,” said BGD. “We are not really interested in being in that position, as we think it is a waste...
Aave Labs CEO Stani Kulechov said onchain lending could help accelerate the development of solar, energy storage and robotics by putting money behind “future-proof” assets. Stani Kulechov, the founder of the decentralized lending platform Aave, says DeFi could benefit from $50 trillion worth of “abundance assets,” such as solar energy, through tokenization by 2050, opening a new class of onchain collateral. Data from RWA.xyz shows that nearly $25 billion worth of real-world assets have been tokenized onchain, but they are mostly in the form of US Treasury bonds, stocks, commodities, private credit and real estate. In a post to X on Sunday, Kulechov said he expects these scarce assets to continue growing but that the “biggest impact from tokenization can be achieved by tokenizing abundance assets.” Read more
Grayscale joins Bitwise in filing to launch a standalone Aave product in the US, betting that Wall Street has retained its appetite for altcoins. Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund. The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust ETF. Grayscale added that it plans to list the fund on NYSE Arca, one of the most popular exchanges for trading ETFs, under the ticker “GAVE.” It will charge a 2.5% fee, and Coinbase will serve as both its custodian and prime broker. Read more
Onchain asset manager Maple is taking syrupUSDC to Coinbase’s Base network, adding institutional credit rails while pursuing Aave's Base instance next. Onchain asset manager Maple is extending its yield-bearing US dollar token, syrupUSDC, to Coinbase’s Base network, plugging institutional credit directly into a fast‑growing Ethereum layer-2 ecosystem. According to a Thursday release shared with Cointelegraph, the launch will provide the company with a “direct path” to Coinbase’s broader ecosystem of users and products, while making institutional-grade yield available to a wider base of onchain users, rather than keeping it siloed on the Ethereum mainnet. An Aave governance proposal is also currently live to onboard syrupUSDC as collateral on the Aave V3 Base Instance, if the vote passes. Read more
Mask Network will lead consumer-facing product execution on Lens, while Aave steps back to an advisory role focused on protocol infrastructure. Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to Mask Network, shifting responsibility for advancing consumer-facing social applications while retaining Lens as open-source infrastructure. Statements from both Lens and Aave founder Stani Kulechov confirmed the transition. On Tuesday, Kulechov said in an X post that Aave’s role will narrow to technical advisory support as it refocuses on DeFi. He added that Mask Network, a Web3 company focused on integrating blockchain features into social and messaging platforms, will be leading the next phase of development for Lens, particularly at the application and product layer. Read more
Following a rejected governance vote, Stani Kulechov laid out a plan to expand beyond DeFi lending and reshape how tokenholders capture value. Aave founder and CEO Stani Kulechov has outlined a broader strategic vision for the protocol following a contentious governance vote that rejected a proposal to transfer control of Aave’s brand assets and intellectual property to its decentralized autonomous organization (DAO). The failed vote has prompted renewed debate within the Aave community over the protocol’s long-term direction and governance structure, an issue Kulechov addressed directly. In a post published Friday on the Aave governance forum, Kulechov argued that the protocol must evolve beyond its core decentralized finance (DeFi) lending business to pursue opportunities in real-world assets (RWAs), institutional lending and consumer-facing financial products. Read more
Stani Kulechov's comments followed an uproar in the Aave community about the relationship between the Aave decentralized autonomous organization and Aave Labs. Stani Kulechov, the founder and CEO of Aave Labs, the main development company behind the Aave decentralized finance (DeFi) lending protocol, denied claims that he recently purchased $15 million of Aave (AAVE) tokens to influence a controversial community vote that failed to pass. “These tokens were not used to vote on the recent proposal, and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction,” Kulechov said. He also said that Aave Labs has not clearly communicated the economic alignment between it and Aave token holders. “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. Read more
The failed vote highlights deeper tensions over token value capture, governance power and whether DAO structures can effectively manage protocol identity. Aave token holders voted against a controversial governance proposal seeking to place control of the protocol's brand assets under DAO ownership. On Friday, the snapshot poll closed with 55.29% voting “NAY” and 41.21% abstaining. Only 3.5% of voters supported the proposal. The proposal asked whether Aave (AAVE) token holders should regain control over Aave’s domains, social handles, naming rights and other intellectual property through an entity under a decentralized autonomous organization (DAO). Supporters framed the move as a step toward decentralization and clarifying questions about brand stewardship. Read more
Aave founder Stani Kulechov is facing criticism after a $10 million AAVE purchase ahead of a key DAO vote, as critics raise concerns over voting power concentration. Aave founder Stani Kulechov is facing scrutiny over his recent $10 million purchase of AAVE tokens, with some in the crypto community claiming it was used to boost his voting power in a key governance proposal. In a Wednesday post on X, Robert Mullins, a decentralized finance (DeFi) strategist and liquidity specialist, argued that the purchase was meant to increase Kulechov’s “voting power in anticipation to vote for a proposal directly against the token holders best interests.” He added: “This is a clear example of tokens not being equipped to adequately disincentivize governance attacks.” Read more
Critics say the decision to fast-track a brand ownership vote exposed weaknesses in how one of DeFi’s largest DAOs handles governance process. A governance vote at decentralized finance (DeFi) lending protocol Aave sparked a backlash from key stakeholders after a proposal on ownership of Aave's brand assets was escalated to a Snapshot vote amid unresolved discussion. The proposal asks the community whether Aave (AAVE) token holders should regain control over the protocol’s brand assets, including domains, social handles, naming rights and other intellectual property through a DAO-controlled legal vehicle. Aave founder Stani Kulechov said the community was interested in a decision, announcing that the proposal had been moved to a vote. Read more