Aave DAO is voting on a proposal to allocate $42 million to Aave Labs, with $25 million earmarked for product development and $17.5 million for milestone bonuses. As of Friday, the proposal had a narrow 52% support, with voting concluding on Saturday. The proposal has sparked controversy due to Aave Labs' initial plan to deprioritize v3 development, prompting backlash and a commitment to maintain v3 operations. Critics, including Marc Zeller, argue the funding request is excessive, representing 31% of the DAO's reserves, and suggest splitting the proposal into separate votes. Aave Labs, however, is pushing for a single vote. Currently, Aave v3 holds over $26.3 billion in deposits, accounting for more than 97% of the protocol's total deposits.
Aave DAO Votes on $42M Funding Amid v3 Migration Dispute
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