Aave DAO Approves $25M Funding Package for Core Development Team

Aave's decentralized autonomous organization (DAO) has approved a major funding proposal for Aave Labs, the core development team behind the protocol. The vote passed on Saturday with nearly 75% in favor, allocating $25 million in stablecoins and 75,000 AAVE tokens to the team.

The framework, called 'Aave Will Win,' restructures how Aave Labs is funded and operated. Revenue from Aave products like Aave Pro will now flow into the DAO treasury, rather than being retained by the development team. The team will also focus exclusively on Aave-related products to accelerate development and reduce operational scope.

Aave founder Stani Kulechov described the proposal as 'the most important in the protocol's history,' emphasizing that holders of AAVE own not just economic rights, but also the brand, users, and integrations. The framework passed despite earlier community objections to its size and voting power.