Aave founder: The DAO's revenue this year exceeds the total of the past three years, reaching $140 million, and the funds used to buy AAVE were not used for proposal voting

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, crucial for the long-term healthy development of Aave. While the process was somewhat chaotic, debate and disagreement are inherent features of decentralized governance.

Stani.eth pointed out: "I am committed to clarifying the economic interests between Aave Labs and $AAVE token holders. Our explanations in this regard have not been sufficient, and we will strive to improve in the future. Additionally, one point that was overlooked in this discussion is that the DAO has generated $140 million in revenue this year, surpassing the total revenue of the past three years, and $AAVE token holders have control over these funds.

In the future, we will more clearly articulate how the products developed by Aave Labs create value for the DAO and $AAVE token holders." Regarding the community's heated discussion about the $15 million spent to purchase $AAVE tokens, Stani.eth clarified: "These tokens were not used to vote on the recent proposal; that was never my intention. This is my lifelong career, and I support my beliefs with my own funds."

Previously, the proposal regarding the ownership of Aave brand assets was rejected, with over 55% voting against it and 41% choosing to abstain.