Overview
- Marc Zeller’s Aave Chan Initiative will not renew its mandate and will wind down over four months, exiting the DAO by July.
- ACI says it will propose canceling its GHO funding stream and seek a lump‑sum transfer equal to 120 days of payments, returning the remainder to the DAO.
- Aave Labs’ “Aave Will Win” budget plan—about $51 million plus 75,000 AAVE—cleared an initial vote with roughly 52% support, which ACI alleges was tipped by Labs‑linked addresses.
- BGD Labs, the team behind Aave’s V3 codebase, previously said it will stop contributing when its contract ends in April.
- AAVE fell roughly 10–11% after the exit announcement, while Aave Labs said protocol operations and incentive programs continue with other service providers active.