Aave DAO approves $25M funding grant, token allocation for Aave Labs

Aave DAO approves $25M funding grant, token allocation for Aave Labs

0.53%TRX$0.3202 0.01%BCH$425.49 0.05%DOGE$0.09128 0.17%XLM$0.1505 0.92%ETH$2,192 1.20%BNB$597.83 0.38%SOL$81.82 0.69%HYPE$41.16 0.56%XMR$346.82 1.69%XRP$1.33 0.11%ADA$0.2381 2.13%BTC$70,897 1.15%USD Written by Stephen Katte,Staff WriterReviewed by Felix Ng,Staff EditorAave DAO approves $25M funding grant, token allocation for Aave Labs1 hour agoThe vote passed with nearly 75% in favor. Other elements of the framework, including the growth and development grants, will have separate governance proposals. Aave Labs, the core development team behind the Aave protocol, has been granted $25 million in stablecoins, alongside a token allocation of 75,000 AAVE by its decentralized autonomous organization (DAO) as part of the “Aave Will Win” framework. The vote passed Saturday with nearly 75% in favor. The stablecoin allocation will be paid in installments over 12 months, while the 75,000 AAVE tok

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