Aave Labs 'Aave Will Win' proposal to give all revenue to DAO passes first vote

Aave Labs' "Aave Will Win" governance proposal has passed its initial Temp Check snapshot vote with 52.58% in favor and 42% against. The proposal introduces a structure to direct 100% of the revenue from products developed by Aave Labs to the DAO treasury. It also includes a provision for up to $42.5 million in stablecoins and 75,000 AAVE tokens to support the development team. Following the vote, the proposal will advance to the ARFC (Request for Final Comments) stage for further discussion and potential amendments before a final on-chain vote (AIP). According to CoinMarketCap, AAVE is currently trading at $114.36, down 0.63%.