Aave Founder Denies Buying Tokens To Influence Failed Dao Vote
Stani Kulechov's comments followed an uproar in the Aave community about the relationship between the Aave decentralized autonomous organization and Aave Labs.
Stani Kulechov, the founder and CEO of Aave Labs, the main development company behind the Aave decentralized finance (DeFi) lending protocol, denied claims that he recently purchased $15 million of Aave (AAVE) tokens to influence a controversial community vote that failed to pass.
“These tokens were not used to vote on the recent proposal, and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction,” Kulechov said.
He also said that Aave Labs has not clearly communicated the economic alignment between it and Aave token holders. “In the future, we'll be more explicit about how products built by Aave Labs create value for the DAO and AAVE token holders,” he added.
Several members of the Aave community accused Kulechov of buying Aave tokens to tilt the governance vote in favor of Aave Labs by increasing his voting stake.
Cointelegraph reached out to Kulechov for comment, but did not receive a response by the time of publication.
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Kulechov’s comments followed the results of a community vote to bring Aave’s brand assets under the control of the Aave decentralized autonomous organization (DAO), the community-led organization that governs the Aave DeFi protocol.
The proposal was submitted for community review after EzR3aL, a psysdonomous Aave DAO member, said that fees from a recent integration with decentralized exchange (DEX) aggregator CoW Swap were directed to a wallet address controlled by Aave Labs.
The fees, which are generated from crypto asset swaps using CoW Swap, rightly belong to the DAO, and the DAO should have been consulted before the fees were redirected, EzR3aL argued, igniting a firestorm of community pushback against Aave Labs.
Source: CoinTelegraph
