Recently, the Aave ecosystem has stirred up quite a commotion. Aave Labs bypassed the normal proposal process and directly threw a proposal regarding brand asset control into a Snapshot vote. This has angered quite a few people—proposal initiator Ernesto Boado and community representative Marc Zeller publicly criticized this approach: it was rushed during the holiday period and clearly violated trust.
The core content of the proposal is actually not controversial – transferring the power of key assets from Aave Labs to token holders should be a good thing, reflecting decentralization. But the problem lies in the method. This “cutting first and reporting later” approach has completely angered the community.
The market reacted immediately. The price of AAVE tokens plummeted by more than 10%, and investors' dissatisfaction was evident. Coupled with previous disputes over fund management, this governance incident added fuel to the fire, prompting people to consider: where exactly did Aave's power balance mechanism go wrong?
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Aave governance turmoil escalates: Unilaterally advancing brand asset proposals, triggering a Crisis of Confidence and Token Plummet.
Recently, the Aave ecosystem has stirred up quite a commotion. Aave Labs bypassed the normal proposal process and directly threw a proposal regarding brand asset control into a Snapshot vote. This has angered quite a few people—proposal initiator Ernesto Boado and community representative Marc Zeller publicly criticized this approach: it was rushed during the holiday period and clearly violated trust.
The core content of the proposal is actually not controversial – transferring the power of key assets from Aave Labs to token holders should be a good thing, reflecting decentralization. But the problem lies in the method. This “cutting first and reporting later” approach has completely angered the community.
The market reacted immediately. The price of AAVE tokens plummeted by more than 10%, and investors' dissatisfaction was evident. Coupled with previous disputes over fund management, this governance incident added fuel to the fire, prompting people to consider: where exactly did Aave's power balance mechanism go wrong?