Aave Passes 'Aave Will Win' Vote, Routes 100% of Product Revenue to DAO
After a months-long fight with Aave Labs over fee redirection, the DAO passed a landslide proposal sending all product revenue to AAVE token holders.
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After a months-long fight with Aave Labs over fee redirection, the DAO passed a landslide proposal sending all product revenue to AAVE token holders.
After years of debate, the protocol-level fee switch is live — diverting between one-quarter and one-sixth of fees into a contract that UNI holders can burn into.
Token holders voted to incorporate the DAO as a Decentralized Unincorporated Nonprofit Association under Wyoming law, a prerequisite for any fee-switch activation.
The order-book derivatives venue has grown into a serious competitor to centralized exchanges, with token holders absorbing fees through a unique buyback mechanism.
Issuers are competing for stablecoin TVL by passing more of the underlying treasury yield through to holders, reshaping the long-static stablecoin landscape.
Holder concentration has tightened steadily through the drawdown, with the BAYC collection's economic ownership now spread across the smallest distinct wallet set in its history.
The original Solana Saga handset — distributed at a loss in 2023 — has produced one of the highest-return on-chain consumer experiments in crypto history.