Aave founder Stani Kulechov recently invested $10 million in Aave tokens in one go, and this has caused a stir in the community. The issue isn't about his wealth, but about a subsequent proposal—to transfer all of Aave's brand assets, domain names, social accounts, and intellectual property to the DAO. It sounds promising, but some community members feel that the process is moving too quickly and that the discussion isn't thorough enough.
The real pain point lies in the voting rights issue. Criticism points to a reality: large token holdings can exert substantial influence in governance votes, especially on high-risk proposals. The data is clear—over 58% of voting rights in the Aave DAO are controlled by the top three voters. In other words, a small number of people hold the majority of the power.
This isn't an isolated incident but a common problem faced by many DeFi protocols: when governance power becomes overly concentrated, the democratic ideal of "one token, one vote" easily becomes superficial. As one of the leading DeFi protocols, Aave's recent controversy exposes the inherent contradictions in current DAO governance mechanisms. How should these issues be addressed? The community is engaged in intense discussions.
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GasFeeCrier
· 3h ago
$10 million invested, now that's a move... But honestly, with voting rights controlled by three major players holding 58%, is this still called a DAO? Laughable.
Even the founders are betting on this project, clearly optimistic, but the issue of concentrated power should have been addressed long ago.
DAO democracy? More like DAO oligarchy, really ironic.
One token, one vote sounds nice, but in reality, it's just more money equals more influence, no different from equity systems.
Stani's move here is like saying: I trust my own project, let me decide the direction.
After all these years, DeFi still hasn't figured out how to decentralize power, it's a bit despairing.
58% held by three people? Might as well just rename it Whale DAO.
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LiquidationWatcher
· 3h ago
Manipulating voting rights is indeed annoying. Is it still a DAO if it continues like this?
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10 million invested to control the discourse power—this democracy is too cheap.
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The top three voters hold 58% of the weight. It's hilarious. Might as well go back to centralized control.
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Stani's constant buying and proposing new proposals really overdraws community trust.
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The key issue is that discussions are too rushed. Voting is happening before everything is clear, which is the most frustrating part.
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Is this all for DAO governance? It doesn't seem much better than a corporate board.
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It has been obvious for a long time that the weight held by big players has always been too outrageous.
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Another case of power concentration under the banner of "decentralization." Web3 needs to wake up.
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AirdropChaser
· 3h ago
Buying tokens to control voting rights— isn't that just a game for the wealthy? Hypocritical.
Wait, Stani himself threw in 10 million and still dares to talk about decentralization? Laughable.
58% of voting rights are in the hands of three people; what democracy is a DAO pretending to have?
That's why I can never trust proposals from big V founders.
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OffchainOracle
· 3h ago
Honestly, 58% of the voting rights are held by three people... Is this still called a DAO?
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Stani made a large purchase and then proposed a proposal. I don't quite understand this move.
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So ultimately, it's still a problem of excessive token concentration. If you switch to another protocol, you'd have to start all over again.
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Uh... it feels like this is just a setup to cut the leeks.
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DAO democracy? The current state looks more like just playing a governance game.
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The top three holders control 58%... No wonder the community is arguing; this is indeed outrageous.
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I just want to know if the opposition to this proposal gets louder, will Stani still be willing to accept it?
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One token, one vote has long been a joke; DeFi is like this too.
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Pouring 10 million and still needing to legitimize power—this tactic is pretty deep.
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With voting rights so concentrated, can it truly represent the community's will? Nonsense.
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DAO governance definitely needs to be redesigned; the current situation is too surreal.
Aave founder Stani Kulechov recently invested $10 million in Aave tokens in one go, and this has caused a stir in the community. The issue isn't about his wealth, but about a subsequent proposal—to transfer all of Aave's brand assets, domain names, social accounts, and intellectual property to the DAO. It sounds promising, but some community members feel that the process is moving too quickly and that the discussion isn't thorough enough.
The real pain point lies in the voting rights issue. Criticism points to a reality: large token holdings can exert substantial influence in governance votes, especially on high-risk proposals. The data is clear—over 58% of voting rights in the Aave DAO are controlled by the top three voters. In other words, a small number of people hold the majority of the power.
This isn't an isolated incident but a common problem faced by many DeFi protocols: when governance power becomes overly concentrated, the democratic ideal of "one token, one vote" easily becomes superficial. As one of the leading DeFi protocols, Aave's recent controversy exposes the inherent contradictions in current DAO governance mechanisms. How should these issues be addressed? The community is engaged in intense discussions.