Golden Finance reports that Aave DAO, which manages the Aave protocol, and Aave Labs, the core development company of the Aave series products, have disagreements over the recent issue of fee distribution resulting from the integration with decentralized exchange aggregator CoW Swap. The controversy continues to escalate.
The issue was raised by EzR3aL, an anonymous member of Aave DAO. He pointed out that the fees generated from crypto asset exchanges through CoW Swap do not go into the treasury of Aave DAO but are instead transferred to a designated on-chain address.
In fact, these fees ultimately flow into a private address controlled by Aave Labs. EzR3aL has raised multiple questions about this, including why the DAO was not consulted before adjusting the fee flow, and he advocates that the ownership of these fees should belong to the DAO.
EzR3aL stated, “At least $200,000 worth of Ether flows into the pocket of a certain entity every week, instead of Aave DAO.” He also added that this means the DAO could be potentially deprived of up to $10 million annually.
Aave Labs responded that the rights related to the website frontend components and application interface have always been legally theirs.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Aave Governance Forum Sparks Intense Debate Over CoW Swap Fees
Golden Finance reports that Aave DAO, which manages the Aave protocol, and Aave Labs, the core development company of the Aave series products, have disagreements over the recent issue of fee distribution resulting from the integration with decentralized exchange aggregator CoW Swap. The controversy continues to escalate.
The issue was raised by EzR3aL, an anonymous member of Aave DAO. He pointed out that the fees generated from crypto asset exchanges through CoW Swap do not go into the treasury of Aave DAO but are instead transferred to a designated on-chain address.
In fact, these fees ultimately flow into a private address controlled by Aave Labs. EzR3aL has raised multiple questions about this, including why the DAO was not consulted before adjusting the fee flow, and he advocates that the ownership of these fees should belong to the DAO.
EzR3aL stated, “At least $200,000 worth of Ether flows into the pocket of a certain entity every week, instead of Aave DAO.” He also added that this means the DAO could be potentially deprived of up to $10 million annually.
Aave Labs responded that the rights related to the website frontend components and application interface have always been legally theirs.