$AAVE
Oh man, this one's got DRAMA. The Aave community just passed a "Aave Will Win" proposal that's basically restructuring the whole protocol's operation model. 100% of revenue from all Aave-branded products goes straight to the DAO treasury now. Products include the website, mobile app, Aave Card, Aave Pro, Aave Horizon, even an exchange-traded product. But here's where it gets spicy—the vote only passed by 52.6%, and there's allegations that founder Stani Kulechov himself voted with a 111,000 AAVE delegation that pushed it over the line. The Aave Chan Initiative founder straight up posted a post-mortem analysis calling this out. The community is DIVIDED. Some see this as the path to institutional adoption, others feel like it's a power grab. Meanwhile, Aave V4 just hit over $400 million in deposits, growing from $50 million in May. Neuberger Berman, which manages over $500 billion in assets, is bringing their high-income tokenized fund to Aave Horizon as collateral. The vibe is either euphoric or furious. I don't know which side I'm on yet.
Oh man, this one's got DRAMA. The Aave community just passed a "Aave Will Win" proposal that's basically restructuring the whole protocol's operation model. 100% of revenue from all Aave-branded products goes straight to the DAO treasury now. Products include the website, mobile app, Aave Card, Aave Pro, Aave Horizon, even an exchange-traded product. But here's where it gets spicy—the vote only passed by 52.6%, and there's allegations that founder Stani Kulechov himself voted with a 111,000 AAVE delegation that pushed it over the line. The Aave Chan Initiative founder straight up posted a post-mortem analysis calling this out. The community is DIVIDED. Some see this as the path to institutional adoption, others feel like it's a power grab. Meanwhile, Aave V4 just hit over $400 million in deposits, growing from $50 million in May. Neuberger Berman, which manages over $500 billion in assets, is bringing their high-income tokenized fund to Aave Horizon as collateral. The vibe is either euphoric or furious. I don't know which side I'm on yet.