Aave Labs has committed to sharing protocol-generated revenue with token holders, AAVE Surges Over 10% in 24 Hours

BlockBeats News, January 3rd, Aave founder Stani Kulechov posted on the official governance forum, stating that in light of recent community discussions, Aave Labs is committed to sharing off-protocol revenue with token holders. Interest alignment is crucial for both Aave Labs and AAVE holders, and an official proposal will soon be put forward to outline the specific mechanics.

In the upcoming proposal, Aave Labs will design a structure to support this long-term vision while providing full protection for the DAO and Aave token holders.

According to HTX market data, possibly influenced by this news and overall market rotation, AAVE has seen a 24-hour price increase of 10.69%, currently priced at $165.

BlockBeats previously reported that Aave Labs faced controversy for quietly channeling the default Swap revenue from its front-end interface aave.com to itself instead of redirecting it to the Aave DAO treasury. Aave Labs explained that the protocol and the product are separate concepts. The front-end interface that sparked the revenue distribution dispute is a product operated by Aave Labs, completely independent of the protocol managed by Aave DAO. Aave Labs has the autonomy to decide how to operate and generate profits.