AAVE just killed Decentralization

⮕ Research shared first: https://x.com/apeinapp
A huge governance fight just played out between Aave Labs and the Aave DAO, and it exposes the core problem with “decentralized” governance. The DAO tried to inherit the key IP and storefront assets (Aave.com, the app, and the front end), but the initiative failed. Stani Kulechov, founder of Aave and head of Labs, held about 33 percent of the vote and effectively outweighed the community. The result is simple: the founder keeps control, Labs can route storefront swap fees to whatever wallet they choose, and token holders have no enforceable rights to value accrual. If this can happen here, it can happen anywhere.

Timestamps:
0:00 Tokens vs Equity in Crypto
0:17 Viral Reddit Post
0:21 Why Token Holders Don’t Benefit
1:54 DAO vs Labs Structure Explained
3:12 What Aave Is and Why It Matters
5:10 Aave as DeFi’s Core Product
6:36 SEC Drops Case, Drama Begins
7:10 Aave Labs Conflict Against DAO
9:37 Aave vs DAO Vote Breakdown
12:08 Death of DAO Governance
14:24 The only viable valuation framework for crypto - Store of Value

Disclaimer: I am not a financial advisor. evg capital does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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