Aave Labs Announces Governance Proposal to Allocate '100% of Product Revenue to the DAO'
Summary
- Aave (AAVE) Labs said it has unveiled a governance proposal to allocate 100% of product revenue to the DAO.
- The proposal says it will position V4 as the foundation for future development and formalize a structure under which all revenue generated from products it develops will accrue to the DAO.
- If approved, changes are expected in revenue distribution methods and the governance structure across the Aave ecosystem, and V4 is set to serve as the core development version of the Aave protocol.
Aave Labs, the decentralized finance (DeFi) protocol behind Aave (AAVE), has unveiled a governance proposal to allocate 100% of product revenue to the DAO.
According to crypto asset (cryptocurrency) news outlet CoinDesk on the 12th (local time), Aave Labs said in a proposal titled "Aave Will Win" that it will position V4 as the foundation for future development and formalize a structure under which all revenue generated from products it develops will accrue to the DAO. The proposal codifies a framework in which the DAO—rather than the development company—receives and distributes all revenue.
If approved, changes are expected in revenue distribution methods and the governance structure across the Aave ecosystem. V4 is set to serve as the core development version of the Aave protocol going forward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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