Aave founder denies buying tokens to influence failed DAO vote

Stani Kulechov's comments followed an uproar in the Aave community about the relationship between the Aave decentralized autonomous organization and Aave Labs.

Stani Kulechov, the founder and CEO of Aave Labs, the main development company behind the Aave decentralized finance (DeFi) lending protocol, denied claims that he recently purchased $15 million of Aave (AAVE) tokens to influence a controversial community vote that failed to pass. 

“These tokens were not used to vote on the recent proposal, and that was never my intention. This is my life's work, and I am putting my own capital behind my conviction,” Kulechov said.

He also said that Aave Labs has not clearly communicated the economic alignment between it and Aave token holders. “In the future, we'll be more explicit about how products built by Aave Labs create value for the DAO and AAVE token holders,” he added.

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