Foresight News reports that Vishal Kankani, head of the investment team at Multicoin Capital, responded to Multicoin Capital’s framework for Aave Will Win, expressing support for the proposal put forward by Aave Labs. As a significant holder of AAVE, Multicoin Capital believes that redirecting 10% of Aave brand product revenue to the DAO is a strategic shift that will help drive Aave toward a clearer tokenomics model. The firm stated that if executed properly, this proposal would not only be highly significant for Aave but also set an important precedent for the entire DeFi space.
Multicoin Capital indicated that the proposal allocates approximately $25 million in stablecoins, plus 75,000 AAVE tokens (valued at about $118 per AAVE, totaling roughly $9 million), along with additional milestone rewards. In total, this represents an economic exposure of over $40 million to $50 million, accounting for about 25% to 30% of the total funds. This is a substantial proportion of the Aave DAO’s funds. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate the request.
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