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Aave DAO’s “State of the Union” recalls late 2022 chaos—FTX, Celsius & 3AC collapsed, Anchor wiped $6B, stETH depegged, TVL sank to $5B, and treasury raiders drained funds. With V3 struggling, many declared DeFi dead—but ACI launched to “Make Aave Great Again.”

Aave DAO’s “State of the Union” recalls late 2022 chaos—FTX, Celsius & 3AC collapsed, Anchor wiped $6B, stETH depegged, TVL sank to $5B, and treasury raiders drained funds. With V3 struggling, many declared DeFi dead—but ACI launched to “Make Aave Great Again.”
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Drawing on ACI’s full transparency report, which shows an 8-person team turning $4.625M of DAO funding into $141.8M in annual protocol revenue and major market-share gains, this post contrasts that high-ROI track record with concerns that, despite much larger historical capitalization and a 23% founding allocation, Aave Labs has delivered weaker products, slowed V3 improvements, underperformed in BD, and is now asking for $51M more plus strategic control via the “Aave Will Win” proposal.

Drawing on ACI’s full transparency report, which shows an 8-person team turning $4.625M of DAO funding into $141.8M in annual protocol revenue and major market-share gains, this post contrasts that high-ROI track record with concerns that, despite much larger historical capitalization and a 23% founding allocation, Aave Labs has delivered weaker products, slowed V3 improvements, underperformed in BD, and is now asking for $51M more plus strategic control via the “Aave Will Win” proposal.

governance.aave ·

"What $4.6M Bought the Aave DAO" A new article by Marc Zeller about how ACI has been beneficial for Aave DAO - generating $29 for it for each Dollar they have been paid

"What $4.6M Bought the Aave DAO" A new article by Marc Zeller about how ACI has been beneficial for Aave DAO - generating $29 for it for each Dollar they have been paid

𝕏 ·

Tensions erupt around Aave governance, including a spat in the Lobsters channel between Avara CEO Stani Kulechov and Aave Chan Initiative founder Marc Zeller, following reports of revenues from CoW swaps (15-25 bps) not going to the Aave DAO

Tensions erupt around Aave governance, including a spat in the Lobsters channel between Avara CEO Stani Kulechov and Aave Chan Initiative founder Marc Zeller, following reports of revenues from CoW swaps (15-25 bps) not going to the Aave DAO

governance.aave ·

Andre Cronje replies to ACI's AAVE governance post regarding the Polygon bridge situation. AAVE heading to Sonic?

Andre Cronje replies to ACI's AAVE governance post regarding the Polygon bridge situation. AAVE heading to Sonic?

governance.aave ·

Llama Risk proposes to limit new WBTC loans on Aave, ACI dissents. Adjusting WBTC parameters to address BitGo transition risks: we recommend reducing WBTC LTV to 0 and lowering supply and borrow caps on Aave markets to mitigate risks, while ensuring stability for current users.

Llama Risk proposes to limit new WBTC loans on Aave, ACI dissents. Adjusting WBTC parameters to address BitGo transition risks: we recommend reducing WBTC LTV to 0 and lowering supply and borrow caps on Aave markets to mitigate risks, while ensuring stability for current users.

governance.aave ·

SNB - BOTH BANKS HAVE UNRESTRICTED ACCESS TO THE SNB’S EXISTING FACILITIES <a href='https://twitter.com/DeItaone/status/1637522179548905476'>-twitter</a>

SNB - BOTH BANKS HAVE UNRESTRICTED ACCESS TO THE SNB’S EXISTING FACILITIES <a href='https://twitter.com/DeItaone/status/1637522179548905476'>-twitter</a>

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