Odaily Planet Daily reports that Aave Labs has initiated a Temp Check proposal, requesting approximately $50 million in funds in exchange for allocating all revenue from Aave branded products to the Aave DAO treasury. The plan includes up to $42.5 million in stablecoins ($25 million basic grant and $17.5 million milestone rewards) and 75,000 AAVE tokens (approximately $8 million). In return, Aave Labs will allocate 100% of the revenue from all products, including aave.com, the planned Aave Card, and Aave Pro, to the DAO.
The proposal has sparked community concerns over voting power centralization. Marc Zeller, founder of the Aave Chan Initiative, pointed out that this fund package constitutes a significant portion of the DAO treasury and questioned whether the 75,000 AAVE token grant could lead to excessive voting power concentration. He called for splitting the proposal and requiring the recipient to disclose holding addresses. Aave founder Stani Kulechov stated that this move would shift the DAO toward a “token-centric” model, enhancing its ability to fund growth and execute buybacks. The proposal is currently in the feedback collection stage. (Cointelegraph)
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
Fluid Moves to Establish Foundation for Long-Term DAO Control
Token holders gain real control over Fluid’s IP and protocol decisions for the first time.
The $250K/month Foundation budget sparks debate on fair value and incentives.
Fluid aims for $50B TVL in 2026, with DEX v2, Venus Flux, and Solana growth driving expansion.
Fluid Protocol is
CryptoFrontNews1h ago
SBI Issues First Security Token Bond Offering Direct XRP Exposure
SBI issued JPY 10 billion on-chain security token bonds for retail investors using BOOSTRY’s “ibet for Fin” and Osaka Digital Exchange’s START trading.
Bond buyers receive XRP equal to their subscription after payment, then additional XRP on interest dates in March 2027, 2028, and
CryptoNewsFlash1h ago
VeChain Introduces ReCircleRewards to Verify and Reward Real-World Mobility
ReCircleRewards verifies mobility activity using receipt OCR normalization, duplicate checks and cross-field validation across providers.
VeChain anchors verified actions and reward records on-chain, so distribution stays transparent, tamper-resistant, and auditable for partners.
VeChain
CryptoNewsFlash1h ago
Vitalik Buterin Says zk Tech Will Transform the Internet
Vitalik Buterin discussed at the ETH ChiangMai event the benefits of zero-knowledge proofs (zk) for privacy and scalability in blockchains and their broader applications. He envisions a privacy-focused upgrade for Ethereum, enhancing security and efficiency while maintaining interoperability.
CryptoFrontNews4h ago
AINFT user base exceeds 410,000
ChainCatcher News: AINFT reaches a new growth milestone, with the platform's total users surpassing 410,000.
AINFT is a Web3-native AI platform supporting multi-model AI capabilities and cryptocurrency payments. It is reported that AINFT has launched on-chain payment, identity, and DeFi financial products focused on AI Agents, with initial support for both TRON and BNB Chain.
GateNewsBot4h ago
