
AaveDAO said the $25 million funding approval for Aave Labs is the first step under the “Aave Will Win” strategy, while the update also notes contributor departures including BGD Labs and Chaos Labs.
AaveDAO approved $25 million in funding for Aave Labs as the first funding step under the “Aave Will Win” strategy. Existing details indicate the proposal passed with about 75% support and included $25 million in stablecoins plus 75,000 AAVE, with the token allocation set to vest linearly over 48 months. The new update also notes departures of contributors including BGD Labs and Chaos Labs.