Here we go again. Labs is stepping on the gas with V4 without having resolved the fundamental issue: real benefits for token holders and structural clarity for the DAO.
We recently passed the TEMP CHECK for the Aave Will Win Framework. That proposal is not just forum decoration; it must be our backbone and our North Star. It is the Gordian knot that was supposed to finally bring definitive transparency regarding IP, branding, off-chain assets, and most importantly, the revenue model.
Yet, here we are again, pushing a monumental activation like V4 on Mainnet while these existential questions are left hanging in the air. We want the tech, yes, but not at the cost of keeping token holders in the dark.
I am asking the team at Labs to step out of their tech bubble for a minute and look at the market. The AAVE token is being severely punished by months of uncertainty and terrible timing regarding these rollouts.
The numbers don’t lie, and this comparison should be an absolute wake-up call for the team:
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MORPHO: +71% YTD
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SKY: +40% YTD
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AAVE:
-23% YTD
Our direct competition is capitalizing on market momentum and accruing value, while we remain trapped in ambiguity. Yet, nothing seems to faze the leadership.
Rushing V4 without first aligning governance and resolving the previously approved framework is a strategic error that the market is already making us pay for. We need to align incentives first, tech second.
Come on Labs, do better.