Aave Governance Dispute Escalates: ACI Releases "Aave Labs Audit" Report, Tensions Mount Ahead of $5.1 Million Funding Proposal
Svmuu News: Tensions within the Aave community have flared up once again. Ahead of the vote on a $51 million proposal—dubbed “the largest funding request in Aave’s history”—the Aave Chan Initiative (ACI) and its founder, Marc Zeller, released an “audit” report targeting Aave Labs, sparking widespread discussion. ACI stated on social media that before the “$51M Aave Will Win” proposal enters Snapshot voting, the community should examine Aave Labs’ past performance and its use of approximately $86 million in accumulated funds. Zeller noted that ACI had previously released its own transparency report and applied the same “what was delivered, at what cost, and with what returns” framework to evaluate Aave Labs. The report indicated that Aave Labs’ cumulative “total capitalization” amounts to approximately $86 million, comprising: $16.2 million from the 2017 ICO, $32.5 million from VC funding rounds, $31.93 million in direct DAO grants, and approximately $5.5 million in Swap fees that have been labeled “unauthorized.” Zeller also mentioned that the founding team previously held 23% of the initial LEND supply (later migrated to AAVE), but their current AAVE holdings have not been publicly disclosed. The report questions Aave Labs’ failure to publish an “accountability report” that includes cost-to-output ratios, financial disclosures, and wallet transparency, arguing that information disclosure remains insufficient given the project’s history of receiving substantial long-term funding. (The Block)
Source:Odaily · Source Link
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