Aave 'Will Win' Proposal Secures Narrow Majority in First Vote

A proposal called 'Aave Will Win' has passed its first formal vote in Aave's governance process, securing 52.58% support.

The proposal asks for up to $42.5 million in stablecoins and 75,000 AAVE tokens to fund Aave Labs, with the organization promising to route all revenue from Aave-branded products to the Aave DAO treasury.

Aave founder Stani Kulechov said this move would bring the protocol closer to a 'fully token-centric model', although some critics had raised concerns about the funding package and governance voting power.