BREAKING: Surprise Altcoin Offers to Transfer All Its Revenue to the Project – Positive Price Reaction Seen
According to a new governance proposal submitted to the Aave DAO administration, Aave Labs suggested that all revenue from the protocol’s products be transferred to the DAO treasury.
The proposal also included a request for $25 million worth of stablecoins and 75,000 AAVE tokens, as well as the establishment of a trust structure to hold the commercial rights to the Aave brand.
According to the proposal, 100% of the revenue generated from all products developed under the Aave brand will be transferred directly to the Aave DAO treasury. This step is stated to be designed to support the sustainable growth of the protocol and increase the financial strength of the DAO.
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Aave Labs requested a $25 million allocation of stablecoins and 75,000 AAVE tokens from the DAO to support its operational and strategic growth objectives. These funds will be used for development activities and ecosystem expansion.
The proposal also suggested the establishment of an independent foundation to protect the trademark rights of the Aave brand. This structure aims to ensure the long-term protection and strategic use of the brand.
*This is not investment advice.
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