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💎 DeFi⚪ NeutralImportance 7/10Actionable
Aave Labs Wants $33M from DAO for Product Revenue Rights
🤖AI Summary
Aave Labs is requesting $33 million from the Aave DAO, representing one-quarter of the organization's total cash reserves. In exchange, the company would receive rights to future product revenue streams from the decentralized lending protocol.
Key Takeaways
- →Aave Labs is seeking $33 million from the DAO's treasury for product revenue rights.
- →The requested amount represents 25% of the DAO's total cash reserves.
- →This proposal involves transferring future revenue rights from the DAO to Aave Labs.
- →The move highlights the ongoing relationship dynamics between protocol teams and their respective DAOs.
- →DAO members will need to vote on whether to approve this significant treasury allocation.
Read Original →via Bankless
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