AAVE price hit an intraday high of $119.35 earlier today before pulling back to $116.60, though it remains in the green with a 2.8% gain over 24 hours. Despite this short-term rise, market sentiment is cautious as the Aave community prepares to vote for a contentious revenue redirection proposal. The vote concerns a proposed $51 million funding package for Aave Labs, the team behind the protocol's core development. The Aave governance dispute The Aave decentralised autonomous organisation (DAO) faces increasing scrutiny over this proposal. Critics argue that Aave Labs has already received substantial funding, estimated at over $86 million from various sources, including past grants, ICO proceeds, and swap fees.
Aave governance dispute ahead of $51M funding vote curtails AAVE gains
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Aave DAO prepares to vote on a $51 million funding package for Aave Labs; critics say Aave Labs has previously received more than $86 million from grants, ICO proceeds and swap fees; AAVE hit an intraday high of $119.35 and traded at $116.60, up 2.8% over 24 hours.
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