Aave news

Aave founder Stani Kulechov has been accused of using a $10 million AAVE purchase to boost his voting power ahead of a key governance proposal that some argue contradicts token holders’ interests. Crypto strategist Robert Mullins said the move was aimed at influencing a vote to reclaim the protocol’s brand assets, while users such as Sisyphus warned that the founder might have sold significant amounts of AAVE. The proposal, pushed to a snapshot vote, drew backlash because the top three voters hold over 58% of the total weight, with Kulechov’s stake potentially tipping the outcome. Former Aave Labs CTO Ernesto Boado said the vote was escalated without his consent, raising concerns about token‑based governance protecting minority holders.

Aave’s community has split over who controls the protocol’s brand and assets after a CoW Swap integration sent swap‑fee revenue to Aave Labs instead of the DAO treasury. DAO supporters say transferring brand ownership to the token‑holder governed entity would align control with those bearing risk and prevent a single builder from dominating, while Lab advocates warn it could slow development; the current vote is 58% against the transfer and will close Friday.

Aave’s $52 billion DeFi lending protocol is in the throes of a governance showdown, as a Snapshot vote running Dec 22‑26 seeks to transfer its soft assets from Aave Labs to the DAO. The proposal—pushed by Aave Labs without its author’s consent—has sparked accusations of a “hostile takeover” and raised concerns over rushed voting during a low‑participation holiday window. Analysts warn that shifting ownership could cripple Aave Labs’ revenue stream and operational capacity, threatening the protocol’s dominant market position; the price has dropped about 20% in the past week.

Aave token fell almost 5% in 24 h and 18% in the past week as governance disputes push uncertainty. Exchange balances rose 16% since the “poison pill” vote on Dec 16, adding ~200 k AAVE to exchanges. Yet whales bought 12.6% more, adding ~20.6 k AAVE (~$3.1 M), and public‑figure wallets added 13.5% (~32.7 k AAVE, $5 M). Over 53 k AAVE—about $8 M—entered the market in a single day. On chart, an inverse head‑and‑shoulders pattern near $147 hints at a breakout. A rise above $182 could trigger a move to $248; a dip below $147 would expose downside to $127. Whales appear betting on support holding.

Aave’s token fell 18% over the past week, the steepest drop among the top 100 cryptos, while Bitcoin and Ether stayed flat or higher. The decline follows a governance dispute over control of Aave’s brand, domains and public channels, adding uncertainty. A large holder sold about 230,000 AAVE (≈$35 million) on Monday, sparking a near‑10% intraday dip. Founder Stani Kulechov bought roughly $12.6 million of AAVE over the week, leaving him with an unrealized loss of about $2.2 million. The sell‑off is protocol‑specific; the broader market stayed stable, indicating traders are reacting to internal risk rather than a wider crypto downturn. No clear resolution timeline exists, leaving the dispute as an open‑ended risk.

Aave’s governance vote to let token holders control the protocol’s brand assets was moved to a snapshot vote, sparking backlash from key stakeholders who say the escalation was premature and bypassed normal discussion. Founder Stani Kulechov defended the move as a timely decision, while critics argue the process violated community norms. Former Aave Labs CTO Ernesto Boado and Aave Chan Initiative head Marc Zeller said the vote was escalated without consent and during a holiday period that is typically avoided for high‑stakes decisions. Kulechov maintained that all requirements were met, but the dispute underscores deeper governance questions about escalation, timing and information flow.

Aave token fell 11% in the last 24 hours after a dispute over who controls the platform’s brand assets—its domain, social media handles and naming rights—escalated into governance discussions. Co‑founder Ernesto Boado of BGD Labs urged the DAO to own the core identity, while founder Stani Kulechov moved the proposal to a Snapshot vote; Boado accused the process of being rushed and lacking transparency. The outcome will test whether on‑chain DAO governance can govern off‑chain brand assets.

AAVE fell 10% during the Asian session after a $50 million sell-off triggered by accusations that Aave Labs redirected swap-fee revenue to its treasury without token-holder approval, sparking a governance dispute over the protocol’s decentralization. In response, founder Stani Kulechov moved a proposal to Snapshot to transfer Aave’s brand assets to the DAO; the vote requires a 320,000 vote quorum and a margin of 80,000, but odds of passage stand at about 25%, and many community members fear the price could plunge further if it fails.

Aave DAO faces governance clash as Aave Labs rushed a brand‑rights proposal to Snapshot, prompting accusations of bypassing community deliberation. The vote, opening Dec. 23, would give token holders control over Aave’s brand assets and introduce anti‑capture safeguards. Proposal author Ernesto Boado and delegates like Marc Zeller allege the move was unilateral, breaking trust and occurring during a holiday period with low participation. They urged abstentions, labeling the action a “hostile takeover” that could be avoided through a staged process. The dispute follows earlier tensions over revenue diversion and a potential DAO takeover of Aave Labs. Prices fell 10% in 24 hours, and the debate underscores the strain between Labs’ push for clarity and the community’s demand for open governance.

Aave founder Stani Kulechov unveiled a multi‑decade roadmap titled a “master plan” to make the protocol the foundational credit layer of the on‑chain economy, focusing on Aave V4, Horizon, and a consumer app to reach a trillion‑dollar asset base and millions of users by 2026. Aave V4 introduces a hub‑and‑spoke liquidity model to unify liquidity for institutions and fintechs. Horizon, a compliance‑aligned market for tokenized Treasuries, targets $1 billion in deposits by 2026, while the Aave App competes with mainstream fintech products. The plan follows governance tensions over revenue flows and a poison‑pill proposal to absorb Aave Labs. Kulechov, a major token holder, defended alignment and noted the SEC’s end of a four‑year probe as a win for DeFi.