Title: Aave DAO Funding Insights
Author: @TokenLogic
Date: February 28, 2026
Summary
- Buyback program has acquired more than 205,000 AAVE (over 1.28% of total supply) in under a year.
- Adjust the annual buyback budget from ~$50M to ~$30M. Whilst 2026 revenue to date has benefited from significant liquidation fee revenue, Borrow Fees have declined ~25% from their peak, with interest rates having compressed.
- Adjust buyback funding from stablecoins to include ETH. The DAO holds $39.9M in ETH-correlated assets. AAVE/ETH correlation reduces asset price divergence, improves execution, and preserves stablecoin runway for operations.
- Reduce stkABPT emissions to 0 AAVE/Day and replace with Protocol-Owned Liquidity. The DAO currently rents liquidity at 14,600 AAVE/year (~0.09% of total supply). Switching to direct liquidity provisioning improves AAVE economics by reducing outflows.
- Reduce stkAAVE emissions to 220 AAVE/day. Continuing the proven downtrend (385 → 360 → 315 → 260 → 220) targets ~2.75% APR and reduces AAVE emissions by 14,600 AAVE/year (~0.09% of total supply).
- Retain stablecoins to replenish DAO holdings. Target: 3–6 months GHO buffer and 12 months overall stablecoin runway.
- Deploy GHO Protocol-Owned Liquidity to replace rented DEX liquidity at near zero marginal cost and improve the economics of Aave’s GHO stablecoin.
- Continue reducing ALC annual spend from a peak of ~$12M toward $5M or below as POL scales.
Overview
This section presents an overview of the Aave DAO’s forward-looking runway. Given that Aave DAO expenses are primarily denominated in AAVE and stablecoins, the publication presents the outlook for each nomination.
AAVE Token
The Aave DAO is currently acquiring more AAVE than it is distributing. The current buyback program budget, valued at $50M per year, exceeds the value of the AAVE emissions being distributed to Safety Module (SM) users and Service Providers (SP).
The table below summarises the current AAVE token flows.
Buybacks
The AAVE buyback program launched on April 9, 2025, and over the first 10 months, the Aave DAO has acquired over 205,000 AAVE units. The buybacks represent a way for the Aave DAO to fund SM emissions, SP renumeration and future business initiatives. The buyback program has become popular in the community and is frequently cited on social media as an impactful tokenomics initiative.
Source: TokenLogic — Buybacks
Since the buyback program was launched on April 9, 2025, $42M has been allocated to acquiring 205,000 AAVE over the 10-month period. The Aave DAO has acquired over 1.28% of the Total Supply (16M) from secondary markets.
Funding Flexibility
The most recent publication on AAVE buybacks proposed an Annual Budget of $50M, with a weekly Execution Range of $250,000 - $1,750,000 for AAVE purchases. The Aave Finance Committee (AFC) has the discretion to adapt buyback volume within a 75% range, based on the following factors:
- Market conditions and liquidity
- Token price volatility
- Strategic timing considerations
- Available Aave Protocol revenue
Ensuring the community is fully aware of the buyback program, we wish to highlight a strategic shift from using stablecoins to also include other assets, such as ETH, when acquiring AAVE. The Aave DAO has $37.9M in ETH-correlated assets, and in February 2026, the SVR Liquidation Fee revenue was 2,253.4 ETH, worth $4.5M at $2,000 per ETH.
Source: TokenLogic Treasury
Using ETH to acquire AAVE offers other benefits:
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AAVE/ETH price correlation.
AAVE and ETH are highly correlated assets that tend to move together throughout the market cycle. Swapping ETH for AAVE is a relative-value trade between two more correlated assets. The AAVE/ETH ratio is more stable than the AAVE/USD ratio, making buyback execution more predictable and reducing the treasury’s sensitivity to market cycles.
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Improved execution quality.
AAVE’s DEX liquidity is largely paired against ETH. Buying AAVE with ETH eliminates the stablecoin→ETH→AAVE conversion path, reducing slippage, gas costs, and MEV exposure. Fewer hops means better execution.
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Reduced treasury volatility.
Currently, the DAO converts stablecoins into AAVE, creating unhedged directional exposure. Converting ETH to AAVE instead reallocates between two volatile but correlated assets; the treasury’s overall risk profile is more balanced because it’s not increasing its net volatile exposure, just shifting composition.
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Improved economics of GHO.
Redirect stablecoin budget to GHO liquidity to provide direct GHO liquidity provisioning, reducing dependence on sourcing liquidity via participating in the incentive vote market and reducing the operational cost overhead for sustaining GHO’s growth.
By reducing the stablecoin allocation to buybacks, the Aave DAO, via the Aave Liquidity Committee (ALC), we can redirect that capital to support Decentralised or Centralised Exchange liquidity for GHO. With the Aave DAO actively renting stablecoin liquidity across decentralised exchanges at a cost of capital (8%-12%), a significantly higher rate than the revenue generated per unit upon issuance into Circulating Supply (1.75% to 4.34%).
By supplementing the AAVE buybacks with ETH and directing a portion of the Aave DAO’s stablecoin holdings to support GHO liquidity, we expect to reduce Decentralised Exchange (DEX) costs by $5M during 2026, significantly improving Aave’s GHO stablecoin economics.
Upon implementing Protocol Owned Liquidity (POL), we expect to reduce the ALC budget from $12M to $7M, resulting in $5M in cost savings.
Revised Budget
The Treasury remains well-capitalised, with over 50M in stablecoins across various networks, and aggregate YTD revenue is similar to this time last year. The composition of Aave DAO’s revenue is materially different from that in 2025, with Liquidation Fees the dominant source. Whilst active loans are up year-on-year, asset prices and borrowing rates are down, resulting in a reduction in overall Borrow Fee revenue.
Borrow Fee revenue is the most reliable and consistent revenue stream owned by the Aave DAO and is used to underpin the Aave DAO’s annual budget by providing a level of certainty of future cash flow.
Source: Coming Soon
Source: TokenLogic Revenue
The following outlines more granularly why we support reducing the Aave DAO’s capital allocation away from Buybacks towards other initiatives:
1. Lower Borrow Rates
Despite higher active loans ($17B, up from $11B in February last year), lower borrowing rates have led to materially lower revenue in the first two months of 2026 compared to 2025.
Even at comparable borrowing volumes, the protocol earns less per dollar borrowed today due to lower Borrow Rates. ETH borrow rates on Aave currently sit at 2.35% APR, while stablecoin lending rates have settled to 3.5-5% APR, materially below the 5–8% peaks seen in prior market cycles.
2. Weaker Borrow Interest Fees
During January and February 2025, the Aave DAO generated $13.5M and $6.55M in Borrow Interest Fees, whilst January and February (to date) 2026 have generated $7.95M and $5.75M respectively. This is further compounded by the reduction in the price of ETH, making up over 36% of Aave Protocol’s total active loan volume
3. Liquidation revenue should not be annualised.
The start of 2026 included significant liquidation events during market corrections. The SVR Liquidation Fees YTD ($4.84M) and Liquidation Fees ($4.12M) generated substantial one-time fee income, boosting the last two months’ revenue to roughly $23M YTD. Both types of Liquidation Fees are inherently episodic; they spike during market dislocations, and for 2026 YTD figures, these fee types overstate sustainable revenue capacity.
Whilst revenue remains healthy, the $50M buyback was sized during a period of strong cash flow and asset pricing. Since then, market conditions have softened, and new cost/opportunities have arisen. Reducing buybacks from $50M to $30M/year spend continues to direct a significant share of revenue towards AAVE accumulation.
Based on the soft start of 2026 Borrow Fee revenue, an increase in the SP cost base, and expanding opportunities for the Ahab program, this publication proposes adjusting the AAVE buyback to $30M to improve the return on Aave stablecoin GHO and pursue other high-return-on-investment growth initiatives.
Safety Module Emissions
The current safety Module (SM) consists of stkAAVE and stkABPT, with emission rates of 260 AAVE/day and 40 AAVE/day, 7-day and 20-day cooldown periods, and 0% and 10% Slashing, respectively. The general theme over the last 6 months has been to reduce AAVE emissions by shifting towards direct AAVE/ETH provisioning and ensuring future emissions are more sustainably funded via the buyback program.
stkAAVE Emissions
The current 260 AAVE/day yields 3.69% for stkAAVE holders. Despite recent events across the DAO, the number of Unique Users is increasing. As larger users exit, as shown by the APR increase in the stkAAVE Historical Performance chart, small user balances are depositing into stkAAVE, thereby correcting the yield over time.
Source: Soon
Source: Soon
The SM continues to demonstrate healthy participation at 16.78% of the AAVE supply staked. Recent months show strong net inflows: +98,600 in January 2026 and +60,100 in February 2026. Stakers remain committed even as yields compress; the previous reduction from 315 to 260 AAVE/day did not trigger an exodus.
Building on earlier publications, this proposal seeks to reduce stkAAVE remissions so the yield remains above 3.00% while providing a buffer to accommodate new user deposits. Reducing AAVE emissions from 260 AAVE/day to 220 AAVE/day results in a 3.12% APR for users and a reduction of 14,600 AAVE in annual emissions. This reduction follows on from previous reductions (385 → 360 → 315 → 260 → 220).
Emissions have been progressively reduced:
To accommodate the AAVE emission reduction, the Cooldown duration is reduced from 7 days to 2 days, making stkAAVE more liquid and suitable for various integrations such as CEX Earn programs and Future markets.
The 14,600 AAVE saved annually represents nearly 0.09% of total supply, a meaningful contribution when combined with buybacks and the stkABPT reduction presented below.
stkABPT Emissions
Source: TokenLogic — stkABPT
Following on from previous proposals, this publication continues to reduce AAVE emissions distributed to stkABPT holders.
With the Aave Finance Committee (AFC) receiving additional funding via AIP 449, additional AAVE/wETH liquidity is to be deployed that allows for stkABPT to be sunset, resulting in a cost savings of 14,600 AAVE/year, or 0.1% of Total Supply, valued at $1.8M at $120/AAVE. The Cooldown period will be set to 0 days, and Slashing will be disabled, allowing users to exit freely.
Whilst the 80AAVE/20wstETH Balancer pool provides useful secondary-market depth, swap volume continues to be routed predominantly through the concentrated liquidity pools, highlighting the relative efficiency of the pool types.
By replacing the inefficient full-range 80/20-weighted pool with concentrated liquidity, the Aave DOA can facilitate swaps more capital-efficiently, reducing the capital required to achieve the same liquidity density. By deploying capital into concentrated liquidity pools, AAVE will become productive, and the DAO’s capital will be exposed to Impermanent Loss (IL).
Source: Uniswap
The following summarises key insights into the benefits of direct liquidity provisioning, known as POL, relative to the current stkABPT arrangement:
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The Aave DAO holds idle AAVE.
The treasury holds sufficient ETH and AAVE, allowing the Aave DAO to provide direct liquidity. This capital can be considered permanent liquidity and will remain available during periods of market volatility.
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14,600 AAVE/year emission reduction (~0.091% of total supply).
When combined with the stkAAVE reduction, this proposal reduces AAVE emissions by ~29,200 AAVE/year in emissions (~0.18% of total supply).
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LP positions naturally accumulate AAVE during dips.
When providing liquidity to an AAVE/ETH pool, the AMM mechanism acquires more AAVE as the price declines. In a downtrend, the DAO accumulates additional AAVE at lower prices, which complements the buyback program.
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Owned liquidity is permanent and reliable.
Sourcing liquidity by providing AAVE emissions creates a dependency on rewarding users for exposure to IL, smart contract risk, and opportunity cost. Whereas POL allows the Aave DAO to internalise this cost and ultimately provides reliable market depth for AAVE trading and liquidation events during volatile market conditions.
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Umbrella replaces the Safety Module for coverage.
Umbrella rollout provides targeted, capital-efficient protocol protection, reducing the legacy need for stkABPT as an SM mechanism.
To support the user exiting the stkABPT position, this publication proposes reducing the Cooldown Period to 0 days and Slashing to 0%. Any user remaining in the stkABPT pool will earn swap fees and wstETH yield, as if they were providing liquidity directly to Balancer.
Service Providers
In 2025, the following annualised AAVE amounts were received by SPs. With BGD having 6-month proposals, from October to April, each funding request is shown for completeness.
Details on the composition of the KPI Program are shown below:
Source: Aave Analytics | TokenLogic
The total annualised AAVE emissions to SPs projected forward into 2026, based upon 2025 spend is 26,850. With the departure of BGD Labs, the 2026 AAVE emissions to SPs are reduced to 19,300.
Based on current information available on the governance forum, and whilst assuming the KPI program continues with the same annual budget.
With BGD Labs offboarding complete on 1st June 2026 and the potential introduction of the How Aave Wins proposal, the annual AAVE allocated to SPs is forecast to increase by 114%, from 26,850 to 57,500, in 2026 relative to 2025.
Stablecoins
Treasury Overview
The Aave DAO treasury remains well-funded with over $100M in non-AAVE assets. Importantly, the assets are distributed across many networks where protocol fees are generated, and are periodically consolidated on Ethereum, from which the vast majority of the DAO’s costs are incurred.
Source: TokenLogic Treasury
The composition of the treasury provides context for the various initiatives outlined below.
Service Providers
The 2026 service provider landscape is defined by three structural shifts:
- BGD Labs’ departure from the Aave ecosystem
- Phase 6 engagement (Proposal 404) concluding April 1, 2026 and a two-month security retainer extending through June
- How Aave Wins framework
- Establishing Aave Labs as the DAO’s primary technical SP
- Aave v4 Risk and New Features
- Maintaining Hubs, Spokes, developing the Reinvestment feature, and GHO infrastructure
Together, these changes reshape Aave’s cost structure, operational model and governance over the protocol.
The table below shows the annulised SP stablecoin budget before 1st April 2026.
The table below shows the annulised SP stablecoin budget after 1st June 2026.
Note:
- 30M over a 9-month period, 274-day, 5M upfront (equiv. 13,698.63 GHO/day), 2 products launched (10M, equiv. 27,397.26 GHO/day) and 20M/year stream (54,794.52 GHO/day) over 9 months, (01/01/2026 to 31/12/2026) which is equivalent to 109,489.05 GHO/day.
- 3.3MM over a 9-month period, 274-day period (01/04/2026 to 31/12/2026). This assumes the Aave DAO continues to invest at the same rate of 366,666 GHO/month (4.4M/year) from the time BGD departs.
Note: *1,299,998 GHO (3 months at 366,666/month and 2 months at 100,000/month) over 151 days (01/01/2026 01/06/2026) is 8,609.25 GHO/day. From April to May, the stream is 3,333.3 GHO/Day
Whilst How Aave Wins simultaneously increases the business’s cost base and adds meaningful revenue upside for the Aave DAO. Transferring Swap Fees from Aave.com and Reserve Factor on Horizon to the Aave DAO is expected to generate $11.5M in additional revenue per year, with other products expected to introduce new revenue more gradually over time.
Note: The 50% Reserve Factor revenue share estimate was calculated by annualising 2026 YTD revenue. The GHO Deposit yield is over 0.5M since Horizon was deployed and is the primary revenue driver for the Aave DAO.
On an estimated annualised basis, total SP stablecoin costs rise from ~$16M in stablecoins during 2025 to approximately $51M in 2026, an increase of roughly 218%. The primary driver is How Aave Wins stablecoin budget, $35M when assuming two product milestones, or $42.5M if all products are launched during 2026. When considering the resulting revenue to be redirected to the Aave DAO’s treasury, the net cost is in the $23.5M to $33.5M range, dependent upon product delivery schedules.
The How Aave Wins cost is partially offset by the BGD Labs’ wind-down, reducing annualised stablecoin cost by approximately $4.4M. However, the work required to sustain Aave v3 and add new features to Aave v4 , is expected to result in other SPs seeking additional budget to replace the operational lift provided by BGD Labs. Specific examples for Aave v include, but are not limited to, the reinvestment feature and different types of Spokes. As a result, we expect the stablecoin cost reduction from BGD not continuing beyond 1st April 2026 is redirected to other SP.
Merit
The Merit program was initially upgraded to a $20M/year budget, which was later split into Merit + Ahab to reflect the two core objectives: GHO Growth and Aave Protocol Growth. Both programs have been immensely successful. The Ahab program has continued to evolve and now funds both strategic and growth initiatives. The Ahab budget will be touched on separately.
Merit currently supports sGHO, the stkGHO interim solution, which recognises users’ contributions to GHO and the broader Aave ecosystem. Whilst sGHO may evolve to an ERC4626 interest-compounding token soon, currently undergoing the second round of audits, the boost element will remain, and Merit will continue to reward sGHO holders and users.
The current sGHO emission rate is 275k GHO/week, or $14.3M per year. With the introduction of the upgraded sGHO, which enables additional utility across DeFi, sGHO is expected to gradually grow throughout 2026. Given the nature of predicting GHO’s growth, this publication provides a conservative budget estimate of $20M for 2026, which is expected to be refined or rolled over into subsequent budgeting periods.
Aave Helper Asset Budget (Ahab)
The Aave Helper Asset Budget (Ahab), also thought of as the strategic partnership and growth budget, is governed by the AFC. How funds are allocated within this budget incorporates input from each of the three teams supporting various growth efforts, ACI, Aave Labs and TokenLogic. To date, this program has enabled Aave DAO to secure several Aave Protocol deployments and opportunities with various partners.
Ahab uses collateral to borrow stablecoins and fund each initiative with existing stablecoin holdings. An example is using ETH collateral, borrowing GHO on Core/Prime instances, swapping GHO to USDT0 and funding USDT0 incentives on the Plasma market. Using GHO debt, the DAO’s actual borrowing cost is zero. Whilst USDT0 is held on Plasma prior to being distributed to users via MASIv by ACI, it earns interest that provides a free carry on the loan. This program has enabled the DAO to balance operational funding needs and capital efficiency, and at times manage GHO’s peg by issuing GHO into secondary markets. Future revenue generated is then used to repay the debt. To date, the Aave Protocol on Plasma has generated over $3.2M in received revenue.
Given the intended purpose of this budget, collateral assets held by Ahab SAFE are updated periodically, and the overall public annual budget is somewhat opaque, so competitors cannot deduce Aave’s competitive terms. The table below highlights some commitments already disclosed across the governance forum and, in Plasma’s case, already funded.
For 2026, whilst the overall budget is challenging to precisely anticipate given the unknown nature of the opportunities the year will present, based on what we know so far, we expect total spend to exceed $40M during the 2026 calendar year. For budgeting purposes, give it is mid Q1 2026, and a $75M growth budget is not unrealistic and could even be considered small given the significant increase in institutions coming on-chain.
Horizon
Within the Ahab budget, the Aave DAO agreed to $500,000 in matching rewards with Aave Labs. To date, the Aave DAO has spent 15,715.59 GHO, and the Aave Labs’ budget status is unknown.
Reference: 1,920.61, 3,583.11, 2,295.33, 6,409.09 and 1,507.45.
Aave v4 Security
During Q4 2025, the Aave v4 code base entered the hardening phase, undergoing several audits and security contests. The approved budget was 1.5M, with 1.47M spent to date. The remaining balance, 26,816 GHO is expected to be returned to the Treasury soon. This scope has been omitted from the 2026 budget and is shared here for completeness.
Umbrella
Umbrella is a more capital-efficient, automated way to protect the protocol without requiring governance intervention, intended to fully replace the bad-debt coverage provided by the SM. Umbrella is funded by directing yield generated by the Aave Protocol itself through aTokens, with an additional amount funded through Allowances, drawing funds from the Aave DAO’s treasury.
Since Umbrella was launched on 5th June 2025, total emissions to date amount to $5.19M from the Treasury. The table below shows current allowance utilisation and projected durations:
Source: TokenLogic Umbrella Ethereum Core Dashboard
With no active plan to sunset v3 during 2026, this publication assumes the annualised funding requirements for Umbrella are maintained, with only slight optimisation via governance. The per-asset annualised emissions budget is as follows:
Source: TokenLogic Umbrella Ethereum Core Dashboard
Umbrella’s $8.29M annualised emissions budget represents 5.9% of the DAO’s total 2025 revenue.
ALC Cost Optimisation
The Aave Liquidity Committee (ALC) manages secondary-market liquidity for Aave’s stablecoin GHO. After strong growth in Gho Stability Modules (GSMs) deposits and the resulting strengthening of GHO’s peg resilience, we anticipate a lower reliance on DEX liquidity than earlier.
In addition, we anticipated that shifting towards direct liquidity provisioning would further reduce DEX liquidity expenses. Pairing stablecoins with borrowed GHO in DEX positions at ~$0 marginal cost allows the Aave DAO to earn swap fees and potentially, lending rates as well. Directionally, this supports the continued reduction in ALC funding costs: $12M → $7M (achieved) → $5M → lower as we start to deploy POL.
Whilst DEX liquidity costs may decline, the mandate’s general GHO adoption portion requires continued investment to unlock new use cases. More commonly, we see a shift towards network-specific funding requests, reflecting the increasing focus on integrating GHO whilst also providing incentives to secure new Aave deployment opportunities. These costs are captured by the Ahab Growth Budget.
With costs shifting from DEX to CEX (ALC to CEX Earn Budget), featuring in Aave Protocol packages (ALC to Ahab Budget), and the DAO beginning to provide direct liquidity provisioning, we expect the ALC budget to decline. Note: Work is underway with several teams to refine and implement more cost-efficient strategies that generate borrowing demand on the Aave Protocol.
The combination of well-capitalised GSMs, direct liquidity provisioning, and reallocation of ALC spend to the Ahab and CEX Earn Budget will reduce the ALC burn rate in 2026, targeting a reduction from $12M USD/year to under $5M/year.
Centralised Exchange Earn Programs
After a slow start with Bitget and Gate in 2026, we expect Bybit and other Tier 1 exchanges to onboard GHO. We expect the Gho CEX Earn budget to be drawn down gradually through the end of Q2 2026 and, if the program is successful, we anticipate renewing funding during Q2/3 2026.
With the introduction of GHO across several Centralised Exchanges (CEXs), we anticipate increased costs to sustain spot trading liquidity in 2026. To reduce this cost, we recently proposed providing inventory to market maker(s). In addition to providing inventory, having GHO onboarded at several Tier 1 CEX requires sourcing additional liquidity. As a result, we anticipated the cost to exceed the 2025 spend.
Both market making and CEX Earn costs were included in the 2025 CEX Earn Funding budget request, with all CEX costs allocated to a single cost centre. The two supporting SAFEs, here and here, hold a collective 3,838,215.89 GHO.
During the 10/10/2025 events, Bitgo’s risk team interventions led to large outflows, and the initiative was subsequently paused until a path to broader platform utility is identified. Gate Earn integrated sGHO, and the initial incentives budget was used to boost GHO adoption through sustainable sGHO integration.
Orbit
The Orbit program rewards active participation in Aave’s governance for qualifying participants. Specific details on the Orbit program can be found here, and are summarised below.
Currently, the program supports four active delegates and recognises Ezr3al contributions.
Proposal Summary
AAVE Emissions — Before vs. After
The table below summarises the key results from the proposed amendments to the Buyback and SM programs outlined above:
Shifting from $50M to $30M per year in buybacks and reducing SM emissions results in an overall reduction in Net AAVE acquired by the Aave DAO on an annualised basis, from 295k to 163.52k at $123/AAVE.
After the budget reduction and emission cuts, the DAO acquires AAVE at a 1.78x faster rate than it emits. Please note that this is highly sensitive to spot pricing.
After considering the BGD Labs and Aave Labs updates, the Net Daily acquisition of AAVE reduces by 81.8 AAVE, to +292.4 AAVE/day for 106,720 AAVE/year at $30M in buybacks per year, whilst also implementing the SM emission reductions, at $120/AAVE.
Stablecoin and ETH Expenditure
The table below is a high-level summary of the early sections detailing only stablecoin and ETH expenditure.
Note: Excludes $1M ImmuniFi bounty.
The aggregate annual budget of approximately $164.4M serves as a ceiling rather than an expected spend. The largest single allocation, Ahab’s $75M growth budget, funds strategic partnerships and the expansion of the Aave ecosystem. An example is Plasma, which has generated $3.2M in revenue to date.
The most significant year-over-year shift is in SP costs, rising from ~$16M in 2025 to an estimated $46.28M in 2026, an increase of approximately 189%. This is driven almost entirely by the introduction of How Aave Wins framework, which is partially offset by anticipated revenue contributions of ~$11.5M per year from Aave.com swap fees and Horizon’s Reserve Factor, bringing the net incremental cost to the $23.5M–$33.5M range depending on milestone achievement.
Taken together, the 2026 budget reflects a DAO transitioning to an aggressive growth posture. The proposals in this publication balance these growth commitments against near-term runway constraints, ensuring the DAO can fund its ambitions without compromising operational stability.
Disclosure
TokenLogic is an active service provider to the Aave DAO, the beneficiary of stream 100072 and the KPI as outlined in this publication. The scope of this engagement is available via this forum proposal.
TokenLogic supports and maintains an independent delegate voting platform within the Aave community.
TokenLogic and associated entities have no undisclosed material conflicts of interest at the time of submission.
Copyright
Copyright and related rights waived via CC0.
