Aave governance rift deepens as major governance group exits $26 billion DeFi protocol
The Aave Chan Initiative (ACI) is shutting down after a dispute with Aave Labs over a large budget proposal, deepening governance concerns.Summary
The Aave Chan Initiative (ACI), a key governance group within the Aave DAO, announced it is winding down operations due to a conflict with Aave Labs regarding a proposed $51 million budget for Aave V4 development. ACI opposed the proposal, citing concerns over self-voting by addresses linked to Aave Labs and a lack of transparency, which they felt tipped the vote in the Labs' favor. This exit follows the recent departure of BGD Labs, raising significant questions about decentralization and independent oversight within the nearly $27 billion DeFi protocol. ACI claims it drove 61% of governance actions over the last three years. The group plans to open-source its tools and step down from committee roles over the next four months, while Aave's core lending and borrowing functions remain unaffected.
(Source：CoinDesk)