Stani Kulechov on Why Aave Labs Is Putting Itself at the Mercy of the DAO

The Aave Will Win proposal, designed to address sustainability and growth within the Aave ecosystem, aims to consolidate value capture into a token-centric model. Aave Labs founder Stani Kulechov explains the proposal seeks to remove uncertainty around the dual model of the Aave token and Aave Labs by directing 100% of Aave Labs' revenue to the Aave DAO for the benefit of token holders. Aave v4's hub and spoke architecture is key to the proposal, enabling expanded use cases and revenue streams. Criticisms of the proposal include concerns about the discretion Aave Labs would retain over product inflows, the size of the funding request relative to the DAO's treasury, and ensuring the independence of the proposed Aave Foundation.