Aave DAO approves $25M funding grant, token allocation for Aave Labs
The vote passed with nearly 75% in favor. Other elements of the framework, including the growth and development grants, will have separate governance proposals.
Aave Labs, the core development team behind Aave, has been granted $25 million in stablecoins and 75,000 AAVE tokens by the protocol’s DAO under the “Aave Will Win” framework.
The vote passed Saturday with nearly 75% in favor. The stablecoin allocation will be paid in installments over 12 months, while the 75,000 AAVE tokens will vest linearly over four years, according to the governance dashboard.
The Aave Will Win framework aims to accelerate the protocol’s growth, with the DAO funding development and Aave Labs focusing on building and scaling. The stablecoins directly fund Aave Labs‘ operations, while the token allocation serves as an incentive for developers to help grow the protocol.
