Smalltime

Just to reaffirm how terrible Aave Labs is and how uninvestable AAVE token is despite how much their team wants to psyop you into believing they care, they’re still on a multi year plan to slow rug the DAO and treasury 1. Aave Labs rugs front end revenue from the DAO. Huge controversy. DAO rigs votes & governance process in their favor. Eventually they propose and pass “Aave Will Win” which says they’ll direct all revenue to the DAO (wait until you see #2 lmao). But the Labs also votes themselves $25mil for operations and an additional $17.5mil for hitting objectives like $5mil for launching and app (what’s the point of the $25mil?) 2. Soon after they get rekt on the rsETH bridge exploit and pause buybacks (more good news fork token holders 🙃). Buybacks have not resumed btw 3. Of course in the meantime they’re in no rush to resume buybacks but they are in a rush to get the app launched so the Labs can cash in their $5mil performance bonus for shipping an App… 4. And now they’re setting up another Cayman Islands entity 🤦🏼‍♂️ because this time it’s really gonna align incentives ! By the way the DAO is being asked to foot the bill for this again. **wtf was the point of funding Labs with $25mil if the DAO is still funding everything after that? There’s many sub $10mil memecoins with more holder alignment and holder revenue than AAVE