ACI Founder questions the voting results of the "Aave Will Win" proposal

AAVE1,54%

PANews reports on March 3 that the temporary vote on the “Aave Will Win” funding proposal by the Aave community passed narrowly with 52.58% support. However, ACI founder Marc Zeller immediately questioned the voting results, claiming that addresses associated with Aave Labs determined the outcome. Zeller pointed out that three clusters related to Aave Labs contributed approximately 233,000 votes in favor, including 111,000 votes delegated by co-founder Stani Kulechov. According to Zeller’s calculations, removing these votes would result in 387,000 votes in favor versus 497,000 against.

The proposal requests the DAO to approve funding of up to $42.5 million in stablecoins and 75,000 AAVE tokens in exchange for Aave Labs transferring all product revenues to the DAO treasury. This vote comes amid escalating tensions within the community. Zeller previously released an audit report questioning the return on investment of approximately $86 million previously received by Aave Labs.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

GMX responds to MegaETH launch progress concerns, contract deployed, official launch date to be announced

GMX responded to community questions about the MegaETH launch progress by stating that since the mainnet went live in February, ecosystem development has been steadily progressing, with most protocols still in testing. The team has deployed smart contracts and is working to ensure liquidity and optimize user experience, but a formal launch date has not yet been determined.

GateNews59m ago

Backpack US appoints former CFTC Commissioner and DTCC Acting Chairman Mark Wetjen as President

PANews March 6 News, according to Cointelegraph, Backpack US has appointed Mark Wetjen as President. Mark Wetjen previously served as a Commissioner and Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC), and worked at the Depository Trust & Clearing Corporation (DTCC).

GateNews1h ago

Vitalik calls for a rethinking of Ethereum's application layer: assuming there are no users, how would the white paper be rewritten?

Ethereum co-founder Vitalik Buterin recently called on the community to be more bold in innovating at the application layer while maintaining core values. He believes that the security and principles of the base layer should remain unshaken, but the application layer should be more disruptive and experimental. He explored the future design of privacy technologies and DeFi, and advocated for rethinking Ethereum's applications, even suggesting that if there were no users, developers should consider how to rewrite the application section of the white paper from scratch to face future challenges.

ChainNewsAbmedia1h ago

U.S. Bitcoin reserves expand to enter the top 20 globally, Tinder founder increases purchase by 1.8 million shares

American Bitcoin Company (ABTC) Bitcoin reserves increase to 6,500 coins, ranking among the top 20 publicly listed companies worldwide. Despite stock price fluctuations, the reserve news prompted an 11.7% rise in stock price. ABTC is expanding its mining machine hash rate and plans to invest in reducing Bitcoin acquisition costs. Board member Tinder founder recently increased his holdings by purchasing 1.8 million shares.

ChainNewsAbmedia3h ago
Comment
0/400
No comments