# \[ARFC ADDENDUM\] Mandatory Disclosures and Conflict-of-Interest Voting Norms

**URL:** <https://governance.aave.com/t/arfc-addendum-mandatory-disclosures-and-conflict-of-interest-voting-norms/23995>\
**Category:** General\
**Created:** [February 3, 2026, 3:56pm UTC](https://governance.aave.com/t/arfc-addendum-mandatory-disclosures-and-conflict-of-interest-voting-norms/23995 "2026-02-03T15:56:25Z")\
**Posts on this page:** 1\
**Showing post:** 47

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**Author:** ![MarcZeller](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/marczeller/32/7124_2.png) [@MarcZeller](https://governance.aave.com/u/MarcZeller)\
**Post date:** [February 13, 2026, 9:24am UTC](https://governance.aave.com/t/arfc-addendum-mandatory-disclosures-and-conflict-of-interest-voting-norms/23995/47 "2026-02-13T09:24:08Z")

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## Update: One Additional NAY Address

Since [the analysis above](https://governance.aave.com/t/arfc-addendum-mandatory-disclosures-and-conflict-of-interest-voting-norms/23995/36), one more NAY vote appeared:

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### Finding 5: 31K VP, signer on Stani’s personal Safe

[0x8036e34dF1af66891F9E4067fa19B607a4b8c78d](https://etherscan.io/address/0x8036e34dF1af66891F9E4067fa19B607a4b8c78d) voted NAY with 30,968 VP at 00:08 UTC on February 13, hours after the YEA side rallied to close the gap.

This address is one of 8 signers on [0xe705b1D26B85c9F9f91A3690079D336295F14F08](https://etherscan.io/address/0xe705b1D26B85c9F9f91A3690079D336295F14F08), the Gnosis Safe labeled by Nansen as “Stani Kulechov, Public Figure” (Finding 2 above). Verifiable via the Safe’s `getOwners()` on-chain call.

The address holds ~31K AAVE and received its first ETH from Safe3 (Stani’s Safe) via internal transaction at block 20,398,096, visible only through `trace_filter`. Nansen labels: Token Millionaire, High Balance, Bridge User.

This is not an independent voter. It is a signer on the same Safe that delegates 41K VP to the ghost address in Finding 2. Combined with Finding 2, Stani’s personal Safe infrastructure accounts for ~72K NAY VP.

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### Updated Totals

| Source | VP | Status |
| --- | --- | --- |
| Finding 1: AAVE Multisig Safe | 333,000 | Proven (identical signers) |
| Finding 2: Stani-labeled Safe | 40,880 | Proven (Nansen label) |
| Finding 3: Whale via Aave Liquidation Account | 111,885 | Proven (kulechov.eth + funding chain) |
| Finding 4: Fresh Safe linked to AAVE Multisig | 106,282 | Proven (shared signer with Finding 1) |
| **Finding 5: Safe3 signer, first ETH from Stani** | **30,968** | **Proven (Safe3 signer, on-chain funding)** |

**Proven cluster total: 623,015 of 648,619 NAY (96%).** Five addresses, all traceable to Aave Labs and Stani infrastructure. None disclosed.

Current vote: **YEA 603K vs NAY 649K.** The margin is ~46K VP. Closes today.

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_[View the full topic](https://governance.aave.com/t/arfc-addendum-mandatory-disclosures-and-conflict-of-interest-voting-norms/23995)._