ChainCatcher reports that Aave DAO is currently voting on a major proposal that would allocate up to $42 million to Aave Labs, including $25 million for ongoing product development and $17.5 million in milestone bonuses. As of Friday evening, support votes are slightly ahead at 52%, with the voting ending on Saturday.
The controversy centers on Aave Labs’ original plan to limit the development of v3 and force users to migrate to the yet-to-be-launched v4. This move sparked strong backlash, with main contractor Bored Ghosts Developing announcing they would not renew their contract and criticizing the proposal as nearly absurd. This week, Aave Labs made a concession, promising not to enforce migration, and v3 will continue to operate.
Critic Marc Zeller argued that the requested funds are excessive, accounting for 31% of the DAO’s reserves, and called for splitting the proposal into multiple independent votes. However, Aave Labs insists on proceeding with the overall vote. Currently, Aave v3 has over $26.3 billion in deposits, accounting for more than 97% of the protocol’s total deposits.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Magic Eden shuts down EVM and Bitcoin NFTs to pivot to Dicey gambling business
Magic Eden announces the gradual shutdown of its Ethereum and Bitcoin NFT businesses, focusing on the online casino Dicey. CEO Jack Lu stated that an imbalance between costs and benefits prompted the transformation, and two months of closed beta testing for Dicey have demonstrated early demand. In the future, resources will be concentrated on businesses with greater profit potential, while the Solana NFT marketplace and the "NFT Bundle" product will still be maintained.
MarketWhisper1h ago
Pre-IPO New Narrative: Retail Investors Can Also Invest in SpaceX? The Breakthrough Path of Private Equity Tokenization
Maitong MSX and Republic collaborate to launch the Pre-IPO Private Equity Tokenization Zone, breaking the high barriers and information asymmetry of traditional investments, connecting ordinary investors with investment opportunities in unlisted companies. This market is gradually entering the mainstream and may trigger a restructuring of capital structures, although it still faces challenges such as regulation and liquidity.
PANews1h ago
MagicEden CEO states they will cease supporting Ethereum and Bitcoin NFT markets to shift towards online gambling business
Solana ecosystem NFT marketplace MagicEden will cease supporting Ethereum Virtual Machine and Bitcoin markets starting March 9, with related services gradually shutting down. CEO Jack Lu stated that the NFT buyback program will be terminated, and resources will be redirected to online casinos and sports betting, while maintaining the profitable NFTPack product to focus on the development of crypto entertainment.
GateNews1h ago
Vitalik Buterin: AI "Vibe Coding" could significantly accelerate Ethereum's roadmap, with the 2030 upgrade possibly moving forward.
Vitalik Buterin pointed out that artificial intelligence significantly improves Ethereum development efficiency, and the AI-completed 2030 roadmap prototype demonstrates the potential to accelerate core upgrades. He emphasized that while using AI for programming, attention must be paid to code security risks, and he recommends combining AI with security audits to promote "bug-free code" as an industry standard. At the same time, Buterin is focused on the Ethereum Foundation's "Strawmap" plan, which will prioritize upgrades to key technologies such as account abstraction in the future.
GateNews1h ago
V God announces: EVM will be retired soon, RISC-V will be deployed in three phases, and AI will accelerate Ethereum's evolution beyond expectations
Ethereum co-founder Vitalik Buterin recently posted an article elaborating on two major core changes in the execution layer, including converting the state tree to a binary tree and replacing EVM with RISC-V. He pointed out that these changes help improve efficiency and address bottlenecks. Additionally, Vitalik is optimistic about AI's potential in development, believing it can accelerate the roadmap and enhance security. He advocates leveraging the speed red shift brought by AI to accelerate development and improve security standards, shaping a more efficient and secure development environment.
動區BlockTempo1h ago
