According to @EmberCN monitoring, the governance dispute between Aave's development team and the community has lasted for 3 months since early December. During this period, Aave's TVL has dropped from $36 billion to $26.5 billion (defillama data): This decline is due to both the decrease in value of major deposit/mortgage assets like WBTC and ETH, and whales shifting their funds to other lending platforms due to governance disputes. The largest whale to switch positions is Justin Sun. During this time, he withdrew $910 million in stablecoins from Aave and redeposited them into Sky and the sub-DAO Spark below. Since early December, his deposits in Sky and Spark have increased from $570 million to $1.48 billion.
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According to @EmberCN monitoring, the governance dispute between Aave's development team and the community has lasted for 3 months since early December. During this period, Aave's TVL has dropped from $36 billion to $26.5 billion (defillama data): This decline is due to both the decrease in value of major deposit/mortgage assets like WBTC and ETH, and whales shifting their funds to other lending platforms due to governance disputes. The largest whale to switch positions is Justin Sun. During this time, he withdrew $910 million in stablecoins from Aave and redeposited them into Sky and the sub-DAO Spark below. Since early December, his deposits in Sky and Spark have increased from $570 million to $1.48 billion.