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Aave DAO approves $25 million funding to Aave Labs through the first binding proposal
ME News Report, April 13 (UTC+8), Aave DAO passed the first binding proposal under the “Aave Will Win” framework with approximately 75% support, approving a $25 million stablecoin funding and 75k AAVE tokens (linear release over 48 months) to Aave Labs, with funds to be disbursed in stages. The core of this framework is for the DAO to fund Aave Labs’ product development, and to consolidate revenue related to the Aave brand into the DAO treasury; subsequent product and growth incentives will be advanced through separate proposals. (Source: MLion)