Aave founder says $15M token purchase was not for governance influence

Stani Kulechov, founder of the crypto lending protocol Aave, has clarified that his recent purchase of $15 million worth of AAVE was not intended to expand his governance influence. He explained that while the purchase is factual, he did not use the tokens in governance voting. The clarification follows a controversy that arose after a proposal for the Aave DAO to absorb Aave Labs, the protocol's developer, was rejected. Kulechov's large token acquisition at the time had sparked concerns about his potential to unduly influence the protocol.