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yesterday

Aave Governance Turmoil Deepens as ACI Sets July Exit After Disputed Vote

The group begins a four-month wind-down with a request for a 120-day lump-sum from its GHO stream.

'Undisclosed voting power' – ACI's exit claim sends AAVE tumbling 10%
Aave governance rift deepens as major governance group exits $26 billion defi protocol
Is aave price at risk as major delegator aci exits after $51m funding dispute?

Overview

  • Marc Zeller’s Aave Chan Initiative confirmed it will not seek renewal and will leave the Aave DAO by July after a four-month transition that includes open-sourcing tools and handing off roles.
  • The dispute centers on Aave Labs’ “Aave Will Win” package seeking roughly $51 million in stablecoins and 75,000 AAVE, which cleared its first formal vote with about 52% support.
  • ACI says addresses linked to Aave Labs voted on the proposal and influenced the result, after its calls for stricter onchain milestones and limits on self-voting went unanswered.
  • ACI will propose canceling its GHO funding stream and transferring an amount equal to 120 days of payments to its treasury, with the remaining funds returning to the DAO, and it plans to end its AAVE vesting stream after execution.
  • BGD Labs previously said it will stop contributing when its contract ends in April, while AAVE fell more than 11% in 24 hours as lending markets kept running with other providers such as Chaos Labs, TokenLogic and Certora still active.