
Nate Rotate
998 posts

Nate Rotate
@NateRotate
I sell my winners and add to my losers | Rotatooor since '17 🔄





Okay hear me out. Even though I know that Marc will hate it, some elements in this proposal make sense. Some don't and it's worth discussing. Things that make sense: 1 - all revenue goes to the DAO - something everyone wanted 2 - Aave brand is forfeited by Aave Labs - good enough for now 3 - Aave Labs remains involved in the future of Aave, but gets paid for it 4 - The funds will be primarily used for user acquisition, so more revenue for the DAO and more traction for the Apps launched on top of Aave Things that are weird/don't make sense: 1 - why ask for 75K Aave on top of the grant? Besides gaining governance power (that they already have the majority of) 2 - a better breakdown per category would have been helpful (ie: x% for incentives, x% for engineering, etc) 3 - I don't like the idea of deprecating Aave V3 besides migrating the infra to Aave V4. Everyone is familiar with the V3 (which was similar to the V2), so I struggle with this, especially as not all SP involved with the V2 and V3 are supportive of the V4 4 - The ETP/futures for the $AAVE token should not be up to the Labs team to be decided upon. Overall, I would say that this proposal is... correct. I thing the governance discussion that will follow will be interesting and we might see some changes. I also believe that this paves a way for Aave Labs to behave in the interest of the DAO and the $AAVE token. If after one year of service the results are not good enough, the DAO will have the choice not to approve the budget for the Labs. BUT For the better future of the protocol, I believe that this governance proposal is good enough to see the results and make things right. However, now that Aave Labs made some concessions (in my opinion), the other governance actors (ACI, BGD, etc), will have to make some concessions too to finally resolve the frustrating situation Aave is in atm. My 2c





Introducing Project Horizon—our new initiative at Aave Labs focused on building institutional DeFi products.



Introducing Project Horizon—our new initiative at Aave Labs focused on building institutional DeFi products.



Introducing Project Horizon—our new initiative at Aave Labs focused on building institutional DeFi products.














this is your reminder that @b3dotfun is under 8 months old just last year, most of the team was still at @coinbase and @base. then we noticed a major gap in the support available to game devs. then came base³ you’re still early, because we're early







