Aave Chan Initiative To Exit Aave DAO After Governance Clash Over Funding

The Aave Chan Initiative (ACI), a major governance delegate and service provider within the Aave ecosystem, said it will not renew its engagement with the Aave DAO and plans to wind down over the next four months.

In a statement, ACI founder Marc Zeller said the organization would continue governance activity and complete outstanding commitments before transferring its infrastructure and responsibilities to the DAO or successor providers.

“The Aave Chan Initiative was built for Aave. Without a future in the Aave ecosystem, the name no longer applies. ACI will wrap up as our obligations conclude,” Zeller wrote.

ACI said its decision to exit was driven by concerns over governance standards and voting dynamics during the proposal process, marking a significant shift in Aave’s governance landscape as its funding plan advances to the next stage.

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