On February 28, news reports that AaveDAO is voting on a key proposal regarding whether to weaken the current flagship v3 version and pave the way for the yet-to-be-released v4. The vote will end on Saturday, and as of Friday evening, support votes are leading by a narrow margin of about 52%, with the situation still uncertain.
Since its launch in 2022, Aave v3 has performed steadily, accounting for over 97% of the protocol’s total deposits, generating approximately $184 million in revenue, with total deposits exceeding $26.3 billion. Some representatives are concerned that shifting strategic focus before v4 is implemented could weaken the protocol’s stability. In response, Aave Labs has adjusted its stance this week, slowing down user migration timelines and clarifying that migration will not be mandatory. They emphasize that v3 can operate long-term as long as the DAO deems it necessary.
Disputes also center around fund allocation. Aave Labs proposed reallocating revenue from its branded products back to the DAO and establishing a foundation to hold trademarks. They also requested $25 million for ongoing development, with an additional $17.5 million to be allocated after specific product launches. This has raised questions among some core representatives. Marc Zeller pointed out that the proposed funding amount is close to 31% of the DAO’s funds and suggested splitting the proposal into separate votes.
Additionally, Bored Ghosts Developing, a contractor founded by a former executive, announced it will not renew its contract this year, stating that pushing such changes on core revenue engines is “difficult to understand.” As topics like “When will Aave v4 be released” and “Aave DAO fund allocation disputes” continue to ferment, the outcome of this vote could have far-reaching implications for DeFi governance models and protocol upgrade paths.
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
Vitalik Pushes Ethereum Redesign Past Layer 2 Focus
Vitalik Buterin proposes EIP-7864 to enhance Ethereum's scalability by replacing the hexary Merkle Patricia tree with a binary tree, reducing proof size and costs. He also suggests a shift towards a RISC-V-based execution engine to improve efficiency, though critics warn of increased complexity and potential vulnerabilities.
CryptoFrontNews7m ago
Chainlink Expands Ecosystem with 16 Integrations Across Six Services and Five Blockchains
Chainlink has expanded to 16 additional integrations this week, covering six services across five blockchains, including Arc, Canton Network, and World Chain.
Technical indicators suggest LINK still needs to clear major resistance before a stronger rally can begin.
Chainlink expanded its
CryptoNewsFlash12m ago
Polkadot will adjust its economic structure starting March 12, with the total supply cap of DOT set at 2.1 billion tokens.
Polkadot will implement new changes starting March 12, 2026, including a new DOT issuance model, the introduction of dynamic allocation pools, and adjustments to staking and network security mechanisms. The total supply cap is set at 2.1 billion, and the staking mechanism reform will reduce the unbonding period to 24 to 48 hours.
GateNews34m ago
SUN.io Officially Launches SunSwap V4
SUN.io platform launches SunSwap V4, fully upgrading the AMM architecture, reducing multi-hop transaction energy consumption, and supporting native TRX direct trading. The new version enhances developer customization features and introduces a real-time notification mechanism, while users enjoy up to 99% energy subsidies.
GateNews46m ago
Sanae Takashi Denies Connection! Japanese media NoBorder issues tokens, claiming inspiration from Audrey Tang's digital democracy mechanism
Japanese media organization NoBorder recently issued the SANAE Token on Solana, aiming to promote the "Japan is Back" project and explore updates to democratic systems. Sanae Takashi has explicitly stated she is unaware, sparking controversy and a sharp decline in the token price. NoBorder plans to facilitate discussions through citizen feedback collection and AI analysis, and introduce token incentives, but holding a higher proportion of operational shares has raised market concerns about risks.
ChainNewsAbmedia58m ago
Shiba Inu: Connection Problems on Shibarium Usually Not Network Related - U.Today
Shibarium SHIB.io informed the Shiba Inu community that connectivity issues are often due to wallet connection problems rather than network issues. They provided troubleshooting tips and addressed explorer indexing updates, confirming no asset loss while highlighting ongoing network operations.
UToday59m ago
