ChainCatcher reports that Aave DAO is currently voting on a major proposal that would allocate up to $42 million to Aave Labs, including $25 million for ongoing product development and $17.5 million in milestone bonuses. As of Friday evening, support votes are slightly ahead at 52%, with the voting ending on Saturday.
The controversy centers on Aave Labs’ original plan to limit the development of v3 and force users to migrate to the yet-to-be-launched v4. This move sparked strong backlash, with main contractor Bored Ghosts Developing announcing they would not renew their contract and criticizing the proposal as nearly absurd. This week, Aave Labs made a concession, promising not to enforce migration, and v3 will continue to operate.
Critic Marc Zeller argued that the requested funds are excessive, accounting for 31% of the DAO’s reserves, and called for splitting the proposal into multiple independent votes. However, Aave Labs insists on proceeding with the overall vote. Currently, Aave v3 has over $26.3 billion in deposits, accounting for more than 97% of the protocol’s total deposits.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Approves SIMD-0266 Upgrade for Faster Transactions
Solana has approved a major network upgrade that could make transactions much faster and cheaper. The upgrade, called SIMD-0266, introduces a new token model known as p-tokens. Developers say this change could make some transactions up to 19 times more efficient.
The proposal was first introduced
Coinfomania1h ago
Pi Network Celebrates Pi Day With Growing Ecosystem
The Pi Network community around the world is celebrating Pi Day on March 14. The date comes from the number 3.14. This represents the mathematical symbol π (pi). The day has become a yearly event for many users to reflect on the project’s progress.
This year, the celebration arrives as the Pi
Coinfomania1h ago
Falcon Finance Adds Tokenized Mexican Sovereign Bills to Diversify USDf Collateral
The Falcon Finance protocol has integrated tokenized Mexican sovereign bills into its multi-collateral framework for its stablecoin, USDf, through a partnership with real-world-asset platform Etherfuse.
Bridging Emerging Market Yield to DeFi Liquidity
Falcon Finance has integrated CETES—the token
Coinpedia1h ago
Charles Hoskinson Calls for Rebalancing Cardano Ecosystem Funding: Boost for ADA Price?
March 14, 2026 5:36 am EDT
TheCoinRepublic2h ago
Ripple Head Engineer Alerts Node Operators on Important XRP Update - U.Today
RippleX's J. Ayo Akinyele announced an important update (version 3.1.2) for XRP Ledger, addressing potential node outages. Validators must upgrade promptly to avoid being amendment blocked and are advised to trust a new GPG signing key. Ripple is enhancing amendment security by expanding its bug bounty program and improving validator coordination.
UToday2h ago
MiniMax 获批升级为港交所正式商业化公司，股份简称 3 月 18 日起变更为 MINIMAX-W
MINIMAX-WP（00100.HK）于3月14日公告正式从预商业化状态升级为商业化公司，因预计2025年收入超2.5亿港币。公司股票简称将于2026年3月18日起更改为MINIMAX-W。
GateNews2h ago
