Overview
- Snapshot results show 55.29% voted against the transfer, 41.21% abstained, and 3.5% supported it, with roughly 1.8 million AAVE voting power participating.
- The proposal sought to place domains, trademarks, and social channels in a DAO-controlled wrapper after concerns that a CoWSwap integration redirected swap fees once shared via ParaSwap, with estimates near $10 million per year.
- Founder Stani Kulechov pledged clearer alignment between Aave Labs and token holders, cited roughly $140 million in DAO revenue this year, and denied using his reported $10–15 million AAVE purchase to vote.
- Critics faulted the fast-tracked holiday timing and the compressed debate window, while listed author Ernesto Boado said the proposal was submitted without his approval.
- AAVE fell about 20% during the dispute as one wallet moved roughly 230,000 tokens, and firms such as Wintermute plus voices like Hasu highlighted deeper token–equity incentive misalignment.