Crypto NewsAltcoinSurprise Altcoin Proposal Expected to Be Bullish Passes Preliminary Vote

Surprise Altcoin Proposal Expected to Be Bullish Passes Preliminary Vote

The preliminary voting on the long-awaited proposal in the cryptocurrency market has been successfully completed. Here are the details of the proposal.

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Stani Kulechov announced that the governance proposal, “Aave Will Win,” has successfully passed the Temp Check (preliminary voting) phase. This development brings Aave Labs one step closer to a fully token-focused model, aiming to redirect 100% of product revenue directly to the AAVE token.

Kulechov stated, “The Temp Check phase has been successfully completed. This brings Aave Labs closer to a fully token-centric model, allocating 100% of product revenue to the AAVE token. The next step is to move the proposal to the ARFC phase by making structural improvements based on community feedback.”

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The “Aave Will Win” proposal requests approval from the Aave DAO for the following operational framework:

  • 100% of the revenue generated from Aave branded products will be transferred to the Aave DAO treasury.
  • A commitment to a solution aimed at protecting the Aave brand.
  • Aave V4 has been approved as the future technical foundational infrastructure of the protocol.
  • Establishing a framework for DAO to finance its strategic growth and development activities.

This structure aims to move the Aave ecosystem towards a more sustainable model directly linked to token value.

*This is not investment advice.

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