Seems risky. Founders were part of Dough Finance (hacked and failed), their Subify platform (OnlyFans replacement that also failed), and are partnered with Logan Paul of the famously failed CryptoZoo. Why aren’t they answering the questions that have been directly posed to them in this thread? They drop the proposal and disappear? Why is the whitepaper being released on the same day at the presale (news outlets that have it claim reads just like the Dough Finance one)?
This is a non-transferrable, non-fungible governance token, open only to those that submit to KYC, are accreddited investors or those with a $1,000,000+ net worth. The founders have locked up 70% of the supply for themselves. This is DeFi how, in name only?
I don’t see how it benefits Aave, nor do I think it will bring mass adoption given the fact that only the rich and elite are going to get the first opportunity at the governance token. I’d also suspect most newcomers who do eventually get in won’t understand that they are purchasing voting rights, and nothing else.