🚨 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 10–11%, TVL and revenue are falling, technical analysis is bearish.
DAO is not just code, but also people, trust, and conflicts. Are we holding on? 😔📉
What do you think, will Aave manage or should we expect serious changes?
#DeFi: #GLOO @GLOO Official $AAVE