Aave Labs is under scrutiny following a proposal to raise an additional $51 million in funding. Marc Zeller from ACI highlighted that Aave Labs has already received approximately $86 million in capital support and retained about 23% of its token supply in its early stages. However, Zeller criticized the lack of transparency regarding reproducible costs, achievements, and holdings.
Zeller also noted that recent key upgrades, governance, and risk management of Aave V3 have been primarily driven by DAO service providers. With BGD set to exit in April, Zeller questioned the necessity of the new funding proposal, given the existing financial backing and operational dynamics.
Aave Labs Faces Scrutiny Over $51 Million Funding Proposal
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