Vote Results
- In favor: 522,780 AAVE (~75%)
- Against: 175,310 AAVE
The proposal passed on Sunday, April 12, 2026, and is scheduled for execution on Monday afternoon.
What Was Approved
The DAO will grant Aave Labs:
- $25 million in aEthLidoGHO (a yield-bearing stablecoin version of GHO), structured as:
- 5M immediate allowance
- 5M streamed over 6 months
- 15M streamed over 12 months
- 75,000 AAVE (~$6.8 million at current prices), vested linearly over 48 months from the Ecosystem Reserve.
This funding supports development of consumer products (Aave App, Aave Pro, Aave Card, Aave Kit), fintech integrations, and global regulatory licensing efforts.
Key Context and Controversy
The vote represents a significant improvement from the earlier temperature check in March, which passed with only 52.58% support amid accusations of vote influence by Aave Labs-linked addresses.
The Aave Chan Initiative (ACI), led by Marc Zeller, cast the largest “No” vote with 166,200 AAVE. ACI has been vocal about concerns regarding centralization and Aave Labs’ growing influence over governance.
Kulechov celebrated the outcome on X, calling it “the most important proposal in Aave’s history” and outlining a multi-year vision focused on consumer-facing products and revenue flowing back to the DAO.
Broader Implications
This approval is only the funding component. Separate proposals will handle milestone-based grants tied to the actual launches of new Aave products.
The vote comes after a turbulent period for Aave’s contributor ecosystem:
- BGD Labs ended its engagement on April 1, citing centralization concerns.
- Chaos Labs also exited, stating its $3M 2025 budget was insufficient for overseeing both V3 and the newly launched V4.
Aave V4 went live on Ethereum mainnet in late March.
Market Reaction
The price of AAVE fell nearly 5% in the past 24 hours but showed a slight rebound after the vote passed.
