Foresight News reports that BGD Labs, a core technical contributor to the Aave protocol, stated that after the current service partnership ends on April 1, they will cease participating in the Aave DAO, ending nearly four years of development and infrastructure work on the lending platform.
They mentioned that the early notification to the community is to ensure a smooth transition and noted that before the contract expires, they will continue to fulfill existing responsibilities, including work on Aave v3, Umbrella, chain expansion, asset onboarding, and security. BGD Labs also stated that they plan to release documentation and maintenance guides to assist other contributors in taking over their projects.
BGD Labs indicated that their exit reflects a broader shift in the Aave organization and governance environment, especially as the original startup behind the protocol, Aave Labs, shifts toward playing a more central role in developing Aave v4 and other plans. Recently, Aave Labs proposed to allocate 100% of the protocol’s revenue directly into the DAO treasury and applied for funding to support their development work.
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