As part of the “Aave Will Win” concept, Aave Labs, the primary development team behind the Aave protocol, received a token allocation of 75,000 AAVE and $25 million in stablecoins from its decentralised autonomous organisation (DAO).
Almost 75% of the voting was in favour on Saturday. The governance dashboard states that the 75,000 AAVE tokens will vest linearly over four years, while the stablecoin allocation would be distributed in increments over a 12-month period.
With the DAO funding research and Aave Labs concentrating on constructing and scaling, the Aave Will Win framework seeks to expedite the protocol’s progress.
Aave Labs’ operations are directly funded by the stablecoins, and the token distribution encourages developers to contribute to the protocol’s expansion.
There will be distinct governance ideas for other framework components, such as the growth and development awards linked to certain product launches and milestones.
According to DeFiLlama data, Aave is one of the biggest DeFi protocols in the market, with a total value locked of more than $25 billion. The framework represents a significant change in the distribution of funds.
Stani Kulechov, the creator of Aave, stated in an X post on Saturday that Aave Will Win is the “most important proposal in Aave’s history” and that it “just passed with a landslide”.
Source: X.com
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