๐จ Bad news for Aave: Marc Zeller and Aave Chan Initiative (ACI) are leaving the DAO.
The contract will not be renewed, wind down in 4 months (by July).
The reason is disputes over fees (~$5.5M), transparency, and the huge budget of Aave Labs ($51M+).
AAVE is already down 10โ11%, TVL and revenue are falling, technical analysis is bearish.
DAO is not just code, but also people, trust, and conflicts. Are we holding on? ๐๐
What do you think, will Aave manage or should we expect serious changes?
#DeFi: #GLOO @GLOO Official $AAVE