Wintermute Founder: Will Vote Against the Aave Proposal Regarding "Transfer of Brand Asset Control to Token Holders"

Techub News, Wintermute founder and CEO Evgeny Gaevoy tweeted that Wintermute will vote against the current Aave proposal regarding "transferring control of brand assets to token holders." The reason is that the current proposal lacks specific details; it remains unclear how the entity owning the frontend and brand will be governed, whether it will be for-profit, and how it will operate. Token value capture is a core issue facing Aave, and there is a significant mismatch in expectations between Aave Labs and a large number of token holders.

Furthermore, he also pointed out the politicization surrounding this vote and the excessive criticism of Aave Labs, while also noting that the communication from Aave founder Stani has not been perfect. Wintermute has invested in Aave since 2022 and participates in its governance. It hopes that Aave Labs will seriously address the token value capture issue, which could serve as a reference for other tokens.