Aave DAO Approves Aave Labs $25 Million Grant Proposal

Comparatively, Aave DAO passed Aave Labs' first binding Aave Will Win framework proposal on Sunday. The proposal received 522,780 AAVE's support and 175,310 AAVE's opposition, with an approval rating of around 75%. According to the voting results, Aave Labs will receive $25 million in stablecoin grants, including an instant quota of 5 million AethLiDOGHO and a total of 20 million AethLiDOGHO stream payments distributed over 6 and 12 months. Additionally, Aave DAO will allocate 75,000 AAVE (approximately $6.8 million) from the ecosystem's reserves to be linearly unlocked within 48 months. The Aave Chan Initiative cast 166,200 votes against AAVE. ParaFi Capital's address (190,000 AAVE), luggis.eth (123,580 AAVE), etc. voted in favor. Funding execution is scheduled for Monday afternoon, when funds will begin to flow to the Aave Labs control address.