AAVE: Aave Founder Stani Kulechov Addresses DAO Vote Controversy, Treasury Controlled by Holders as Revenue Reaches $140M

COINOTAG News reports that Aave founder Stani Kulechov framed the recent DAO vote controversy as a normal tension point in decentralized governance, while acknowledging a lack of prior outreach to align Aave Labs with AAVE holders’ interests.

He noted that the Aave DAO’s annual revenue has climbed to around $140 million, eclipsing the sum of the previous three years, with the associated treasury funds under the control of AAVE holders.

On the discussion around his $15 million AAVE purchase, Kulechov stated that the tokens involved did not participate in the vote, and the stake reflects confidence in the project’s long-term development trajectory.