Aave founder: DAO's revenue this year has exceeded the total of the past three years, reaching $140 million, and the purchased AAVE was not used for proposal voting.

PANews, December 26 – Aave founder and CEO Stani.eth stated on the X platform that the recent DAO vote has concluded, raising important questions about the relationship between Aave Labs and $AAVE token holders. This has been a productive discussion, which is crucial for Aave’s long-term health. Although the process was somewhat chaotic, debate and disagreement are inherent features of decentralized governance.

Stani.eth pointed out: “I am committed to making the economic interests between Aave Labs and $AAVE token holders more transparent. Our explanations in this regard have not been sufficient, and we will strive to improve in the future. Additionally, one point that has been overlooked in this discussion is that the DAO has already generated $140 million in revenue this year, surpassing the total revenue of the past three years combined, and $AAVE token holders have control over these funds. In the future, we will more clearly articulate how products developed by Aave Labs create value for the DAO and $AAVE token holders.”

Regarding the community’s heated discussion about his $15 million purchase of $AAVE tokens, Stani.eth clarified: “These tokens were not used to vote on the recent proposal, and that was never my intention. This is my life’s work, and I support my beliefs with my own funds.”

Previous news: The proposal regarding the ownership of Aave brand assets was rejected, with over 55% voting against and 41% choosing to abstain.