Aave's ecosystem has stirred up quite a controversy. The issue originated after the integration of CoWSwap, where the trading fees were directed to Aave Labs instead of the DAO treasury, potentially leading to a loss of nearly 10 million dollars each year. The community is quite dissatisfied with this, and some have proposed a radical solution: to directly confiscate the IP, brand, and domain assets held by Aave Labs.
Aave Labs responded quickly, hurriedly initiating a Snapshot vote to try to lock in their position on the brand asset issue.
The whole matter reflects an old problem: how to allocate power and profits between the team that initially incubated and operated the project and the decentralized DAO. The misdirection of funds is just the surface issue; the underlying controversy is how much equity Aave Labs, as the actual developer, should enjoy, while the community believes that these should be transparently distributed. The outcome of this internal struggle may affect the entire DeFi ecosystem's thinking about the relationship between project parties and DAOs.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
3
Repost
Share
Comment
0/400
ReverseTradingGuru
· 19h ago
Now it's good, the old tricks in the crypto world are back, the project party and DAO are at each other's throats... 10 million just floated away, and no one is happy.
---
CoWSwap over there got an access point for free, with reverse fee flow? How careless can this operation be?
---
To put it bluntly, it's just that the decentralization wasn't clearly defined back then, now they're settling accounts... They really should have written the rules down earlier.
---
Confiscating IP is harsh, but if Aave Labs really gets messed up, the entire ecosystem will go GG as well... This is shooting oneself in the foot.
---
Wanting to lock in positions before the Snapshot vote? Isn't this preemptive? It feels a bit like speaking hastily.
---
It's really just a money issue, behind it all is the failure to negotiate profit distribution... Web3 governance has been the same old tricks for so many years.
---
The community wants to confiscate assets, while the project party is eager to vote for self-preservation. I've seen this plot several times.
View OriginalReply0
New_Ser_Ngmi
· 19h ago
This is why I say DeFi is still too immature, a million USD can just disappear like that? Directly confiscating IP is really ruthless...
---
Aave Labs' operation this time is really amazing, taking the initiative to lock in their stance with a vote, if the community reacts too slowly, they would be completely at their mercy.
---
To put it bluntly, it’s still a matter of poor power distribution design, this should have been thought through during the incubation phase.
---
Once a precedent is set in this matter, all project parties will have to re-examine their contracts with DAO.
---
Wait, is that a million lost annually? Why did it take so long to discover this, isn’t anyone monitoring the technology side?
---
This is truly ridiculous, such a basic error of funds flowing to the wrong place can actually occur in a leading protocol...
---
I feel a bit sorry for Aave Labs, but they really didn’t do well on transparency, can’t blame the community for being angry.
---
I bet five bucks this will be used by various capital to make leverage, the ones really hurt are still us ordinary users.
View OriginalReply0
OnChainSleuth
· 19h ago
Another internal power struggle... Aave really messed up this time, 10 million USD just disappeared like that?
What happened to the promised Decentralization, isn't it still decided by the core team...
Is this trap something that all major projects have to go through?
CoWSwap's move is a real pitfall, the fees went to the wrong place, and now the entire community is footing the bill
The project party wants to quickly consolidate power, while the community wants transparent distribution, this grudge has grown big
Let's wait and see the Snapshot voting results, it's likely to blow up
The entire DeFi ecosystem needs to learn this lesson, can DAO really restrain big capital?
The move to confiscate IP is harsh, but can it really be implemented?
After all this, power and money are still being divided by the same group of people...
Aave's ecosystem has stirred up quite a controversy. The issue originated after the integration of CoWSwap, where the trading fees were directed to Aave Labs instead of the DAO treasury, potentially leading to a loss of nearly 10 million dollars each year. The community is quite dissatisfied with this, and some have proposed a radical solution: to directly confiscate the IP, brand, and domain assets held by Aave Labs.
Aave Labs responded quickly, hurriedly initiating a Snapshot vote to try to lock in their position on the brand asset issue.
The whole matter reflects an old problem: how to allocate power and profits between the team that initially incubated and operated the project and the decentralized DAO. The misdirection of funds is just the surface issue; the underlying controversy is how much equity Aave Labs, as the actual developer, should enjoy, while the community believes that these should be transparently distributed. The outcome of this internal struggle may affect the entire DeFi ecosystem's thinking about the relationship between project parties and DAOs.