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Aave DAO approves $25 million funding to Aave Labs through the first binding proposal
ME News, April 13 (UTC+8): Aave DAO approved the first binding proposal under the “Aave Will Win” framework with approximately 75% support, approving a $25 million stablecoin grant to Aave Labs and 75,000 AAVE tokens (linear release over 48 months). The funds will be disbursed in stages. The core of this framework is that the DAO funds support Aave Labs’ product development, and all revenue related to the Aave brand will be consolidated into the DAO treasury. Going forward, product and growth incentives will be advanced through separate proposals. (Source: MLion)