Odaily Planet Daily reports that Aave Labs has initiated a Temp Check proposal, requesting approximately $50 million in funds in exchange for allocating all revenue from Aave branded products to the Aave DAO treasury. The plan includes up to $42.5 million in stablecoins ($25 million basic grant and $17.5 million milestone rewards) and 75,000 AAVE tokens (approximately $8 million). In return, Aave Labs will allocate 100% of the revenue from all products, including aave.com, the planned Aave Card, and Aave Pro, to the DAO.
The proposal has sparked community concerns over voting power centralization. Marc Zeller, founder of the Aave Chan Initiative, pointed out that this fund package constitutes a significant portion of the DAO treasury and questioned whether the 75,000 AAVE token grant could lead to excessive voting power concentration. He called for splitting the proposal and requiring the recipient to disclose holding addresses. Aave founder Stani Kulechov stated that this move would shift the DAO toward a “token-centric” model, enhancing its ability to fund growth and execute buybacks. The proposal is currently in the feedback collection stage. (Cointelegraph)
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
Gemini executives collectively resign, Winklevoss takes back control of operations, potentially losing $600 million last year
Cryptocurrency exchange Gemini faces a mass departure of senior executives, with stock plunging 12.9%, and plans to cut 25% of staff and withdraw from overseas operations. Net losses are expected to reach nearly $600 million in 2025, with the core management team restructuring and the founder taking back control of operations, demonstrating a defensive transformation.
CryptoCity3m ago
Ymax Opens Early Access to Stablecoin Yield Orchestration Platform
Denver, Colorado, February 18th, 2026, Chainwire
Ymax today opened early access to its yield orchestration platform, enabling stablecoin holders to deploy assets and yield strategies across leading protocols with a single signature — and have execution complete automatically on-chain.
Built for se
BlockChainReporter24m ago
"Prediction Market ETF" Competition Begins! Roundhill, Bitwise, GraniteShares Lead the Charge
In recent years, with increasing competition, Bitwise and GraniteShares have applied for prediction market-based ETFs related to U.S. election results, following in the footsteps of Roundhill, demonstrating the integration of cryptocurrencies and traditional finance. These ETFs aim to securitize prediction market assets, providing investors with new investment channels, potentially attracting significant capital, but still facing regulatory challenges from the SEC.
区块客43m ago
TradingBase.AI Column (Part 2) | A New Year, Not More Aggressive, But More Whole
The article discusses changes in the competitive market environment, emphasizing that in the new year, platforms should focus on overall structural capabilities rather than aggressive expansion. As user demands evolve, platforms need to achieve cross-market collaborative management, integrating different assets and markets to meet long-term needs and maintain continuous evolution.
TechubNews2h ago
