Aave Founder Says $15M Token Buy Wasn't Used in Controversial DAO Vote
Aave founder Stani Kulechov denied using his recent $15 million Aave token purchase to influence a failed, controversial DAO governance vote.Summary
Stani Kulechov, founder and CEO of Aave Labs, refuted claims that he bought $15 million worth of Aave (AAVE) tokens specifically to sway a recent, controversial community vote. Kulechov asserted that the tokens were not used for voting on the proposal and that the purchase reflected his personal conviction in the project, stating, "This is my life's work, and I am putting my own capital behind my conviction."
The controversy stemmed from a proposal to transfer control of Aave's brand assets to the Aave DAO. This proposal followed community debate ignited by a member who alleged that fees from a CoW Swap integration were improperly redirected to a wallet controlled by Aave Labs instead of the DAO. The proposal ultimately failed, with over 55% voting against it.
Kulechov also acknowledged that Aave Labs had not clearly communicated the economic alignment between the development company and AAVE token holders, promising greater future clarity on how Aave Labs' products benefit the DAO. Furthermore, the proposal's listed author, former Aave Labs CTO Ernesto Boado, stated the proposal was listed without his knowledge or consent.
(Source：Cointelegraph)