Aave Chan Initiative (ACI) Announces Shutdown Following Governance Rift

The Aave Chan Initiative (ACI), an eight-person team supporting Aave governance, announced it will shut down operations over the next four months following internal governance disputes. The team has decided not to seek renewal of their contract, marking the end of their role in the DeFi protocol's governance structure.

• →The eight-person Aave Chan Initiative team will wind down operations over four months due to governance conflicts.
• →ACI has chosen not to seek contract renewal, ending their involvement with Aave governance.
• →The shutdown represents a significant governance restructuring for one of DeFi's largest lending protocols.
• →Internal rifts within Aave's governance structure have led to the dissolution of a key supporting organization.