Aave founder: DAO's revenue this year exceeded the total of the past three years, reaching $140 million; the investment in AAVE was not used for voting on proposals.

PANews reported on December 26th that Aave founder and CEO Stani.eth stated on the X platform that the recent DAO vote has concluded, raising important questions about the relationship between Aave Labs and $AAVE token holders. This was a productive discussion, crucial for Aave's long-term health. While the process was somewhat chaotic, debate and disagreement are inherent characteristics of decentralized governance.

Stani.eth stated, “I am committed to making the economic benefits between Aave Labs and $AAVE token holders clearer. Our explanation in this regard is not yet perfect and we will strive to improve it in the future. In addition, there is one point that has been overlooked in this discussion: the DAO has already generated $140 million in revenue this year, exceeding the total revenue of the past three years, and $AAVE token holders have control over this fund. In the future, we will more clearly explain how the products developed by Aave Labs create value for the DAO and $AAVE token holders.”

Regarding the widely discussed issue of his $15 million investment in $AAVE tokens, Stani.eth clarified: "These tokens were not used to vote on recent proposals, and that was never my intention. This is my life's work, and I support my beliefs with my own money."

Previously, it was reported that the proposal regarding the ownership of Aave's brand assets was rejected, with over 55% voting against it and 41% abstaining.