‘DAOs aren’t dead, they should evolve’: Aave CEO Stani Kulechov pushes for streamlined execution

Aave founder Stani Kulechov contends that Decentralized Autonomous Organizations (DAOs), in their current form, are overly difficult due to slow governance processes and politicization, hindering innovation necessary for Aave to compete in the global lending market. His comments follow recent governance tensions, including the departure of core contributors BGD Labs and Aave Chan Initiative (ACI) after disputes over Kulechov's "Aave Will Win" proposal, which critics felt concentrated power in Aave Labs. Kulechov suggests that while tokenholders should retain oversight on major decisions like protocol changes and treasury strategy, execution requires leaders within a more streamlined organizational structure, comparing the current DAO structure to bureaucratic corporate environments lacking accountability. He emphasizes that Aave must remain nimble to achieve its multi-decade vision of rearchitecting global lending infrastructure.

(Source：The Block)