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🤯 The Strongest Power Struggle in DeFi History: AAVE's Quagmire Turns into a "Golden Opportunity" for Revaluation!
Aave's recent internal strife is not just a simple soap opera, but the most profound power struggle in Web3 history regarding protocol ownership.
⏳ Four Acts to Understand Aave's Power Shift:
1️⃣ Conflict of Interest: Labs attempted to issue tokens for its new product, Horizon, but was strongly opposed by the DAO—"Don't try to dilute the returns of AAVE holders!"
2️⃣ Alleged Interception: Labs changed front-end settings, transferring approximately $10 million in annualized transaction fees to a private address, prompting the DAO to accuse it of "backstabbing."
3️⃣ Collapse of Trust: The two sides are engaged in a multi-front war over MegaETH deployment and Vaults ownership, with Labs accused of attempting to "privatize" the protocol.
4️⃣ Declaration of Sovereignty: On December 23rd (tomorrow), the DAO will hold a historic vote to officially reclaim control of the brand and IP from Labs!
⚖️ The Essence of the Struggle: This is no longer an era where "the founders call the shots." Essentially, it's a direct confrontation between the equity interests of developers and the sovereignty of token holders.
🔮 2026 Final Scenario Prediction: A "conditional ceasefire and dividend distribution" is highly probable. When the conflict ends, the AAVE token will transform from a "governance document" to a "dividend-sharing certificate."
—DAO regains sovereignty: Domain names and trademarks are nationalized.
—Labs takes the service fee: Becoming the DAO's "senior contractor," retaining a reasonable share of the profits.
📈 Market Analysis: While AAVE is shrouded in governance uncertainty and its market capitalization is suppressed at 2.5 billion, its old rival SKY has bucked the trend, rising for four consecutive weeks and breaking through 1.5 billion.
We believe that once this power struggle concludes, AAVE, revitalized by its token-enabled architecture, may finally see its true value return.
If AAVE DAO succeeds, will more DeFi protocols follow suit?
#AAVE #DeFi #SKY #DAO #CRYPTO

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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