On February 28, news reports that AaveDAO is voting on a key proposal regarding whether to weaken the current flagship v3 version and pave the way for the yet-to-be-released v4. The vote will end on Saturday, and as of Friday evening, support votes are leading by a narrow margin of about 52%, with the situation still uncertain.
Since its launch in 2022, Aave v3 has performed steadily, accounting for over 97% of the protocol’s total deposits, generating approximately $184 million in revenue, with total deposits exceeding $26.3 billion. Some representatives are concerned that shifting strategic focus before v4 is implemented could weaken the protocol’s stability. In response, Aave Labs has adjusted its stance this week, slowing down user migration timelines and clarifying that migration will not be mandatory. They emphasize that v3 can operate long-term as long as the DAO deems it necessary.
Disputes also center around fund allocation. Aave Labs proposed reallocating revenue from its branded products back to the DAO and establishing a foundation to hold trademarks. They also requested $25 million for ongoing development, with an additional $17.5 million to be allocated after specific product launches. This has raised questions among some core representatives. Marc Zeller pointed out that the proposed funding amount is close to 31% of the DAO’s funds and suggested splitting the proposal into separate votes.
Additionally, Bored Ghosts Developing, a contractor founded by a former executive, announced it will not renew its contract this year, stating that pushing such changes on core revenue engines is “difficult to understand.” As topics like “When will Aave v4 be released” and “Aave DAO fund allocation disputes” continue to ferment, the outcome of this vote could have far-reaching implications for DeFi governance models and protocol upgrade paths.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Pyth Network Shifts to Revenue-Driven Model, Phases Out Pythnet by 2026
Gate News message, April 23 — Pyth Network (PYTH), a cryptocurrency data infrastructure provider, announced a major overhaul of its economic model, transitioning from a token-based incentive system to a revenue-driven growth strategy.
According to the OP-PIP-100 proposal, the network's existing inf
GateNews2h ago
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand3h ago
Energy Web Launches Verified Compute Cloud for Real-World Market Verification
Gate News message, April 23 — Energy Web is building decentralized infrastructure to verify business logic and claims across real-world markets such as environmental registries, carbon credit systems, and supply chain compliance workflows. Founded in 2017 as the Energy Web Foundation, a Swiss
GateNews4h ago
Shytoshi Kusama Returns to X After 13-Day Silence, Announces Saturday Community Discussion as SHIB Slides 1.8%
Gate News message, April 23 — Shytoshi Kusama, lead ambassador of the Shiba Inu ecosystem, returned to X today after a 13-day silence that began on April 9. He confirmed a scheduled community discussion for Saturday, signaling new developments ahead. His updated bio now reads: "Next up: Let's set a
GateNews5h ago
Girin Labs Launches XRP Payment Wallet with Doppler Finance Integration, Enabling Real-Time XRPL Settlements
Gate News message, April 23 — Girin Labs has launched the Girin Wallet, integrating Doppler Finance's institutional-grade yield layer to enable XRP and RLUSD payments in everyday transactions. Users can now spend XRP and RLUSD at any Visa-accepting merchant, with transactions settling instantly on t
GateNews5h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
Key Insights
XRP maintains weekly strength above major cryptocurrencies as price holds above key EMAs, reflecting sustained momentum despite minor daily declines in trading sessions.
XRPL validators advance lending upgrades through XLS-65 and XLS-66, introducing pooled liquidity vaults and f
CryptoNewsLand6h ago
