Odaily Planet Daily News: Tensions within the Aave community have flared again. Ahead of the vote on a $51 million proposal, dubbed "Aave's largest funding request ever," the Aave Chan Initiative (ACI) and its founder Marc Zeller released an "audit" report targeting Aave Labs, sparking widespread discussion.
ACI stated on social media that, prior to the "$51M Aave Will Win" proposal entering Snapshot voting, the community should review Aave Labs' past performance and its cumulative use of approximately $86 million in funds. Zeller noted that ACI has already published its own transparency report and applied the same framework—“what was delivered, at what cost, and what return”—to evaluate Aave Labs. The report indicates that Aave Labs' cumulative "total capitalization" amounts to approximately $86 million, comprising: $16.2 million raised through its 2017 ICO, $32.5 million from VC funding, $31.93 million in direct DAO grants, and approximately $5.5 million in allegedly unauthorized swap fees.
Zeller also noted that the founding team initially held 23% of the LEND supply (later migrated to AAVE), but the current AAVE holdings have not been publicly disclosed.
The report questions whether Aave Labs has yet released an "accountability report" containing cost-benefit analysis, financial disclosures, and wallet transparency, arguing that disclosure remains inadequate despite long-term receipt of substantial funding. (The Block)