Aave Labs plans to apply for a $50 million grant to distribute revenue from multiple products to the DAO

Odaily Planet Daily reports that Aave Labs has initiated a Temp Check proposal, requesting approximately $50 million in funds in exchange for allocating all revenue from Aave branded products to the Aave DAO treasury. The plan includes up to $42.5 million in stablecoins ($25 million basic grant and $17.5 million milestone rewards) and 75,000 AAVE tokens (approximately $8 million). In return, Aave Labs will allocate 100% of the revenue from all products, including aave.com, the planned Aave Card, and Aave Pro, to the DAO.

The proposal has sparked community concerns over voting power centralization. Marc Zeller, founder of the Aave Chan Initiative, pointed out that this fund package constitutes a significant portion of the DAO treasury and questioned whether the 75,000 AAVE token grant could lead to excessive voting power concentration. He called for splitting the proposal and requiring the recipient to disclose holding addresses. Aave founder Stani Kulechov stated that this move would shift the DAO toward a “token-centric” model, enhancing its ability to fund growth and execute buybacks. The proposal is currently in the feedback collection stage. (Cointelegraph)