On February 28, news reports that AaveDAO is voting on a key proposal regarding whether to weaken the current flagship v3 version and pave the way for the yet-to-be-released v4. The vote will end on Saturday, and as of Friday evening, support votes are leading by a narrow margin of about 52%, with the situation still uncertain.
Since its launch in 2022, Aave v3 has performed steadily, accounting for over 97% of the protocol’s total deposits, generating approximately $184 million in revenue, with total deposits exceeding $26.3 billion. Some representatives are concerned that shifting strategic focus before v4 is implemented could weaken the protocol’s stability. In response, Aave Labs has adjusted its stance this week, slowing down user migration timelines and clarifying that migration will not be mandatory. They emphasize that v3 can operate long-term as long as the DAO deems it necessary.
Disputes also center around fund allocation. Aave Labs proposed reallocating revenue from its branded products back to the DAO and establishing a foundation to hold trademarks. They also requested $25 million for ongoing development, with an additional $17.5 million to be allocated after specific product launches. This has raised questions among some core representatives. Marc Zeller pointed out that the proposed funding amount is close to 31% of the DAO’s funds and suggested splitting the proposal into separate votes.
Additionally, Bored Ghosts Developing, a contractor founded by a former executive, announced it will not renew its contract this year, stating that pushing such changes on core revenue engines is “difficult to understand.” As topics like “When will Aave v4 be released” and “Aave DAO fund allocation disputes” continue to ferment, the outcome of this vote could have far-reaching implications for DeFi governance models and protocol upgrade paths.
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
Pi Network Migration Hits 50M Daily as Team Flags GCV Scams
Pi Network news today shows its activity picking up speed again. At least according to the community updates shared on February 28. A prominent Pi community member claimed the network is now mapping roughly 50 million Pi coins per day to Mainnet wallets. The update quickly spread among Pioneers
Coinfomania31m ago
Nivex launches a brand new institutional copy-trading strategy, with a million NXT red envelopes heavily rewarding users
Nivex platform enhances trading experience and returns by introducing institutions like Hyper Hedge, further meeting investor needs. Platform executives interact with the community to strengthen trust, and during the Spring Festival, a large airdrop was conducted as a reward. Nivex is committed to using AI technology to promote smart investing and connect real value.
TechubNews32m ago
Ripple Whitepaper Outlines Crypto Trading Model for Banks
Ripple's new whitepaper addresses fragmented crypto markets and institutional risks, proposing a Digital Prime Broker framework to centralize execution and liquidity. By leveraging the XRP Ledger for credit lines and faster settlements, it aims to enhance operational efficiency and transparency for banks and hedge funds.
CryptoFrontNews43m ago
USDR: Unlock the Fortune》KIRAPAY and RememberUs successfully hosted a Web3 networking night during Consensus Hong Kong
At the Consensus Hong Kong conference, KIRAPAY and RememberUs hosted the "USDR: Unlock the Fortune" networking event, attracting hundreds of founders and investors in the Web3 space and promoting connections within the Asian ecosystem. During the event, KIRAPAY's cross-chain payment gateway was showcased, and the first two months were announced with zero service fees to encourage merchant participation.
動區BlockTempo54m ago
Gonka launches GiP regular meeting mechanism, with the first meeting focusing on network scalability
Decentralized AI Computing Power Network Gonka Launches GiP Normalized Meeting Mechanism, with the first meeting scheduled for March 3rd to discuss network scalability and upgrade the Proof-of-Compute mechanism to promote transparent governance of decentralized protocols.
GateNews1h ago
Korea University Launches Enterprise Validator on Injective With 369K INJ Staked
Korea University launched an Injective validator with 369,809 INJ staked, adding an institutional node to the network’s validator set.
INJ technical levels in focus were supported at $3.03 and $2.90, while resistance was clustered between $3.39 and $3.60.
Korea University has launched an
CryptoNewsFlash1h ago
