Multicoin Capital Supports Aave Labs' Revenue Distribution Proposal

ChainCatcher report: Vishal Kankani, head of the investment team at Multicoin Capital, responded to Aave Will Win’s framework, expressing support for the proposal put forth by Aave Labs. As a major holder of AAVE, Multicoin Capital views the redirection of 10% of Aave brand product revenues to the DAO as a strategic shift that can help advance Aave toward a clearer tokenomic model. The firm stated that, if executed properly, this proposal would not only be significant for Aave but also set an important precedent for the broader DeFi ecosystem. Multicoin Capital noted that the proposal allocates approximately $25 million in stablecoins, plus 75,000 AAVE tokens (at an AAVE price of approximately $118, totaling around $9 million), along with additional milestone-based rewards. In total, this represents an economic exposure of over $40 million to $50 million, accounting for roughly 25% to 30% of the total funding pool—a substantial portion within Aave DAO’s treasury. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate its proposed magnitude.