Aave struggles as BGD Labs plans April exit amid governance crisis
BGD Labs, a major service provider for the Aave DAO, announced it will exit by early April, citing concerns over Aave Labs' aggressive push toward centralized control. The team criticized Aave Labs for disregarding existing contributors' expertise and leveraging its influence over brand rights and voting power. BGD Labs, which built much of Aave V3, accused Aave Labs of promoting its own V4 upgrade by criticizing the current version. In response, Aave Labs founder Stani Kulechov assured the community that maintenance would continue and expressed support for retaining BGD under a new security arrangement. The ongoing governance crisis, including previous disputes over revenue sharing and a $50 million funding demand from Aave Labs, has unsettled investors. AAVE’s price dropped 8% following the news, reflecting market uncertainty.
ambcrypto02/21 10:01
