According to Odaily, Aave Labs has launched a Temp Check proposal to token holders, requesting approximately $50 million in funding in exchange for all revenue from Aave-branded products being allocated to the Aave DAO treasury. The proposal includes up to $42.5 million in stablecoins (a $25 million base grant and $17.5 million in milestone rewards) and 75,000 AAVE tokens (approximately $8 million). In return, Aave Labs will allocate 100% of the revenue from all its products, including aave.com, the planned Aave Card, and Aave Pro, to the DAO.
The proposal has sparked concerns within the community about the concentration of voting power. Marc Zeller, founder of the Aave Chan Initiative, pointed out that the package represents a significant portion of the DAO's treasury and questioned whether the 75,000 AAVE token grant could lead to excessive concentration of voting power. He called for the proposal to be split and for recipients to be required to disclose their holding addresses. Aave founder Stani Kulechov stated that this move would shift the DAO towards a "token-centric" model, enhancing its ability to fund growth and execute buybacks. The proposal is currently in the public comment phase. (Cointelegraph)
