Vishal Kankani, head of the investment team at Multicoin Capital, has expressed support for Aave Labs' proposed framework to direct 100% of Aave brand product revenue towards a DAO. Kankani believes this move could establish a more "token-centric" economic model and set a precedent for the DeFi sector.
The proposal includes allocating approximately $25 million in stablecoins and 75,000 AAVE tokens (valued at around $9 million), with additional milestone-based grants. The total potential scale of the initiative could reach $40 million to $50 million, representing 25% to 30% of the treasury. Kankani suggests phased funding based on financial and ROI metrics, linked to quantifiable launch and revenue targets, with a detailed budget breakdown over 12 to 24 months.
Multicoin Capital Backs Aave Labs' DAO Revenue Framework
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