Wintermute Founder: Will Vote Against the AAVE Governance Proposal

Deep Tide TechFlow News, December 26th, Wintermute founder and CEO Evgeny Gaevoy posted on social media that Wintermute will vote against the current AAVE governance proposal.

Evgeny stated that the current proposal lacks specific details, and it is unclear how entities with front-end and branding will govern, whether it is for profit, and how it will operate. He believes that token value capture is the core issue facing AAVE, and there is a clear mismatch of expectations between AAVE Labs and a large number of token holders. Evgeny criticized the politicization surrounding this vote and the excessive criticism of AAVE Labs, while also noting that AAVE founder Stani’s communication is not perfect. Wintermute has been investing in AAVE and participating in its governance since 2022. Evgeny hopes that AAVE Labs will seriously address the token value capture issue, which could serve as a reference for other tokens.

AAVE3.06%
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