ChainCatcher reports that Aave DAO is currently voting on a major proposal that would allocate up to $42 million to Aave Labs, including $25 million for ongoing product development and $17.5 million in milestone bonuses. As of Friday evening, support votes are slightly ahead at 52%, with the voting ending on Saturday.
The controversy centers on Aave Labs’ original plan to limit the development of v3 and force users to migrate to the yet-to-be-launched v4. This move sparked strong backlash, with main contractor Bored Ghosts Developing announcing they would not renew their contract and criticizing the proposal as nearly absurd. This week, Aave Labs made a concession, promising not to enforce migration, and v3 will continue to operate.
Critic Marc Zeller argued that the requested funds are excessive, accounting for 31% of the DAO’s reserves, and called for splitting the proposal into multiple independent votes. However, Aave Labs insists on proceeding with the overall vote. Currently, Aave v3 has over $26.3 billion in deposits, accounting for more than 97% of the protocol’s total deposits.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump will host a luncheon tomorrow for TRUMP token holders, attended by 18 superstars.
Gate News reports that on March 12, Trump will host a grand luncheon tomorrow (March 13) for TRUMP token holders. Trump himself will attend alongside 18 "superstars." The TRUMP token team has positioned this luncheon as a cryptocurrency and business conference for the world. Participation eligibility will be confirmed through time-weighted average TRUMP token holdings, with the confirmation period running from March 12 to April 10, 2026.
GateNews8m ago
Crypto Trader Loses Nearly $50M in Aave Trade, Protocol Offers $600K Fee Refund
A trader lost nearly $50 million after swapping $50 million in USDT for just 324 AAVE tokens due to extraordinary slippage. Aave's founder noted the protocol will attempt to return about $600,000 in fees and emphasized the need for better safeguards against user errors in decentralized finance.
Decrypt50m ago
Crypto Social Buzz: Bitcoin, Ethereum, and Emerging Coins Lead Discussion
Bitcoin hits 20M mined coins, fueling debates on supply, institutional buys, and market control.
Zcash seed round and privacy tech drive social buzz, while Tether gains attention via USAT launch.
Ethereum staking, Dogecoin rumors, and TRON AI partnerships dominate crypto social
CryptoFrontNews1h ago
VeChain StarGate Staking Platform Shows Strong Growth Three Months After Hayabusa Fork
VeChain's StarGate staking platform experienced significant growth post-Hayabusa fork, with a 50.2% reduction in VTHO emissions and a 93.9% increase in active stakers. The network now holds 10.7 billion VET, emphasizing the shift towards a delegation model and new entry-level node tiers which promote wider participation.
CryptoNewsFlash7h ago
Ethena Adjusts sUSDe Unstaking Mechanism, Cooldown Period Changed to Dynamic Mode with Minimum 1 Day
Gate News Report: On March 12, Ethena announced on March 13 an adjustment to the sUSDe unstaking mechanism. The new mechanism will change the cooldown period from a fixed 7 days since the project's launch to a dynamic model, linked to the amount of liquid stablecoins available in the USDe reserve. According to current reserve conditions, the sUSDe unstaking cycle has been shortened to 1 day. In the future, the cooldown period will dynamically adjust between 1 day and 7 days based on the composition of liquid assets in the USDe reserve.
GateNews7h ago
Zama and GSR Complete First Confidential OTC Transaction on Ethereum, Achieving On-Chain Sensitive Data Encryption Protection
Gate News reports that on March 12, Zama and crypto market maker GSR announced that they have completed the first confidential over-the-counter transaction on Ethereum based on the Zama protocol. The transaction achieved encrypted protection of sensitive data such as transaction size and fund flows on the public blockchain. Zama stated that the transaction aims to eliminate "privacy loopholes" for institutional participants caused by on-chain data transparency. Through fully homomorphic encryption (FHE) technology, transaction details remain encrypted on-chain while ensuring transaction verifiability and settlement finality.
GateNews8h ago
