Revenue Sharing and Governance Tensions Inside Aave
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One of the most notable announcements from Kulechov was that Aave Labs plans to distribute non-protocol revenue to AAVE tokenholders. If implemented, this would expand the token’s value capture beyond governance rights alone, potentially changing how investors view AAVE’s long-term utility.
The governance controversy itself stems from disagreements over who should control fees generated by token swaps routed through services like CoW Swap — the Aave DAO or Aave Labs. While some community members questioned whether Kulechov’s recent $15 million AAVE purchase influenced the vote, he denied the claim, saying the buy reflected personal conviction rather than an attempt to sway governance outcomes.