Aave Chan founder: Aave Labs' performance poor despite $86M funding

Marc Zeller, founder of the Aave governance group Aave Chan Initiative (ACI), has sharply criticized a new $51 million funding request from Aave developer Aave Labs, The Block reported. Zeller argued that despite securing $86 million through various channels since 2017, Aave Labs has delivered underwhelming results for its cost and lacks financial transparency. He also re-raised allegations that the developer misappropriated $5.5 million without a governance vote. The criticism comes just one day before a Snapshot vote on the "Aave Will Win" governance proposal concerning the protocol's transition to V4, heightening tensions within the community.