Aave DAO Approves a $25 Million Product Development Grant for Aave Labs

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On April 13, the Aave DAO approved a $25 million project funding package for Aave Labs, as reported in on-chain news. The grant consists of $25 million in stablecoins and 75,000 AAVE (approximately $6.8 million), with the tokens vesting over 48 months. The proposal passed with approximately 75% support under the 'Aave Will Win' framework. This marks the first formal funding from the DAO for Aave Labs’ product development. Future product-specific funding will require separate proposals.

BlockBeats report: On April 13, the Aave DAO overwhelmingly approved the first substantive funding request under the "Aave Will Win" framework proposed by founder Stani. The proposal passed with approximately 75% support, allocating $25 million in stablecoins to Aave Labs and distributing 75,000 AAVE tokens (approximately $6.8 million) from the ecosystem reserve, with a 48-month linear vesting schedule. This proposal marks the formal DAO funding of Aave Labs’ product development, though future funding for specific products will require separate proposals for approval.


The "Aave Will Win" framework aims to resolve long-standing disputes between Aave Labs and the DAO. Its core principle is that all revenue generated from Aave Labs' branded products—including the Aave App, Aave Pro, Horizon RWA, and Aave Kit—will be directed entirely to the DAO treasury, in exchange for the DAO providing funding support for Aave Labs' product development. Stani called this "the most important proposal in Aave's history," emphasizing that the DAO will oppose any vendor lock-in practices that harm token holder interests.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.