Wintermute CEO: Will Vote Against Aave's New ARFC Proposal

BlockBeats News, December 26th, Wintermute founder and CEO Evgeny Gaevoy stated that Wintermute will vote against the AAVE "Brand Asset Control Transfer to Holders" ARFC governance proposal.

Evgeny stated that the current proposal lacks specific details, and it is not yet clear how the entity owning the frontend and brand will govern, whether it is for-profit, and how it operates. Token value capture is a core issue facing AAVE, with a clear mismatch of expectations between AAVE Labs and a large number of token holders. Wintermute has been investing in AAVE since 2022 and has been involved in its governance. Evgeny hopes that AAVE Labs can earnestly address the issue of token value capture, which will serve as a reference for other tokens.

Leading lending protocol Aave is embroiled in a public opinion whirlpool, with its community recently engaging in heated debates around the revenue distribution mechanism and brand ownership. The Aave community has opened a vote on the "Brand Asset Control Transfer to Holders" ARFC proposal on Snapshot, with the vote scheduled to continue until December 26th. The proposal includes explicit specifications regarding the ownership and usage rights of Aave's brand assets and intellectual property (domain, social accounts, naming rights, etc.), as well as related terms, and grants the DAO control over them.