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Aave community votes to pass the proposal, approving funding for Aave Labs
Deep Tide TechFlow News, April 13th, Aave DAO has passed a governance proposal to approve a total of $25,000,000 in stablecoin funding and 75,000 AAVE tokens to Aave Labs, with the latter linearly vested over four years.
The funding plan includes: releasing 5 million units of aEthLidoGHO from the Collector Contract within 6 months, releasing 15 million units of aEthLidoGHO within 12 months, and releasing 75,000 units of AAVE from the Ecosystem Reserve within 48 months.
The proposal stipulates that any unused funds after the 12-month funding period will be returned to the DAO treasury or handled as decided by subsequent governance.