Foresight News reports that Vishal Kankani, head of the investment team at Multicoin Capital, responded to Multicoin Capital’s framework for Aave Will Win, expressing support for the proposal put forward by Aave Labs. As a significant holder of AAVE, Multicoin Capital believes that redirecting 10% of Aave brand product revenue to the DAO is a strategic shift that will help drive Aave toward a clearer tokenomics model. The firm stated that if executed properly, this proposal would not only be highly significant for Aave but also set an important precedent for the entire DeFi space.
Multicoin Capital indicated that the proposal allocates approximately $25 million in stablecoins, plus 75,000 AAVE tokens (valued at about $118 per AAVE, totaling roughly $9 million), along with additional milestone rewards. In total, this represents an economic exposure of over $40 million to $50 million, accounting for about 25% to 30% of the total funds. This is a substantial proportion of the Aave DAO’s funds. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to substantiate the request.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Expands Institutional Outreach With New Lightspeed IR Platform
Solana has launched Lightspeed, a new investor relations platform to access protocol tokens with at least $100 million in market cap.
The tool will offer on-chain data, in-depth research and sector breakdowns, broken down to match what institutions have been used to in legacy finance.
In
CryptoNewsFlash7h ago
The number of upgraded tokens on Pump.fun has been reduced to 1.15% of the newly issued tokens.
The token upgrade amount for Pump.fun has risen to 1.15%, the highest level since 2025, driving an increase in transaction fees on Pump.Swap. This is the first breakthrough above 1% in several months, but the historical peak reached 2%.
GateNewsBot7h ago
Dash Evolution chain integrates Zcash Orchard privacy pool
Dash announces that it will integrate Zcash's Orchard shielded pool into its Evolution chain, expected to go live in March. Initially, basic transfers will be supported, with privacy features expanded later to support tokenized real-world assets.
GateNewsBot7h ago
VeChain Community Backs New Endorsement Cap for VeBetterDAO Growth
VeChain is rolling out endorsement controls, letting endorsers split points across multiple VeBetterDAO dApps instead of backing only one.
A 49-point cap per endorser per dApp starts first, placing 20+ dApps into a two-week grace period and requiring 3+ endorsers for entry.
VeChain has
CryptoNewsFlash8h ago
Uniswap Labs Proposes Expanding Protocol Fees Across v3 Pools and New Chains
Uniswap Labs proposed a tier-based v3OpenFeeAdapter so protocol fees apply across all v3 pools by fee category.
The proposal expands v2/v3 protocol fees to Arbitrum, Base, Celo, OP Mainnet, Soneium, X Layer, Worldchain, and Zora.
Uniswap Labs has introduced an active governance proposal to b
CryptoNewsFlash8h ago
