Aave Governance Dispute Escalates: ACI Releases "Aave Labs Audit" Report, Tensions Rise Ahead of $51 Million Funding Proposal

CryptoWorld reports that tensions within the Aave community governance are escalating again. Aave Chan Initiative (ACI) and its founder Marc Zeller released an “audit” report targeting Aave Labs on the eve of a $51 million proposal titled “Aave’s Biggest Funding Request in History” voting, sparking widespread discussion. ACI stated on social media that before the “$51M Aave Will Win” proposal enters Snapshot voting, the community should review Aave Labs’ past performance and its approximately $86 million in accumulated funds. Zeller said that ACI has already published its transparency report and evaluated Aave Labs using a framework of “what was delivered, at what cost, and what was the return.” The report notes that Aave Labs’ total capitalization is about $86 million, including: $16.2 million from the 2017 ICO, $32.5 million from VC funding rounds, $31.9 million from direct DAO grants, and approximately $5.5 million in “unauthorized” swap fees. Zeller also mentioned that the founding team initially held 23% of the original LEND supply (later migrated to AAVE), but current AAVE holdings have not been publicly disclosed. The report questions why Aave Labs has not yet released an “accountability report” that includes cost-to-output ratios, financial disclosures, and wallet transparency, suggesting that despite long-term large-scale funding, information disclosure remains insufficient.