The Aave community has put an end to a months-long governance dispute with the passage of the 'Aave Will Win' proposal, a landmark vote that redirects all revenue from Aave-branded products back to the DAO and consolidates economic rights under the AAVE token. This move marks a significant shift, with the DAO now responsible for funding Aave Labs' activities, including a $25 million stablecoin grant and 5,000 AAVE token allocation. The proposal resolves a controversy that began when swap fees were redirected away from the community treasury, exposing a deeper tension over control of the protocol's revenue-generating products. With this vote, Aave token holders have secured control over the protocol's most valuable assets, including user-facing products and the revenue they generate.
The proposal aims to prevent 'value leakage' and promotes a token-centric model, with a focus on scaling Aave into a financial network that can be integrated with various fintech, banks, and asset managers.