Hi all,
First, I want to acknowledge the importance of this discussion. And I want to echo that this discussion is not, and should not be, an attempt to position service providers against each other or the DAO. This is an open dialogue, where we share a common mission.
The community’s questions about brand ownership and alignment are valid and the team has been diligently reading the discussions here. I also recognize that communication from Aave Labs has not always been perfect and we’ve heard the community’s feedback. We are 100% committed to improving that.
For eight years, we’ve focused on realizing my original vision with ETHLend, which now extends to Aave, aiming to make it the foundation for the $500 trillion global asset base. Aave Labs has spent the last several years focused on many core contributions that move us closer to that goal.
We’ve achieved a lot, but still have a long ways to go on a global financial scale. With Aave V4, Aave App, Horizon, and other products in the works, Aave Labs is executing a strong vision to onboard trillions of dollars and millions of users onchain to the Aave Protocol. Moving forward with this proposal, especially at this time, will certainly slow down and potentially derail what we’ve all been working towards for years. It is bad for Aave Protocol, the DAO, and AAVE token holders.
Furthermore, while the conversation about brand ownership and an improved DAO structure is essential, this proposal takes us in a direction that is not good for the Aave ecosystem. It forces a complex legal and operational issue into a simple yes/no, empty payload vote with no clear path forward. A complex issue like this deserves a dedicated, structured process and multiple Temp Checks with a concrete plan to achieve resolution.
For these reasons, and in the best interest of our shared mission and whats best for us as token holders, I will be voting no on this proposal. The Aave Protocol is well-positioned to be the backbone of all finance and our shared priority is continuing that trajectory.