The Aave community launched a new proposal to introduce aTOKEN to grant voting rights to protocol users
2023-10-22 08:16
The Odaily news governance page shows that the Aave community launched a new proposal to introduce user aTOKEN as the voting mechanism Userocracy. The proposal points out that the problem with the current Aave DAO is that Aave token holders have all power and voting rights, while protocol users do not have any voting rights. It is a plutocracy, with early Aave owners and Aave holders continually increasing their voting rights; but users are the protocol’s most valuable asset. Aave users do not have any voting rights and their capital is at risk in the protocol, so it is recommended to modify the DAO as follows: - 50% of the voting rights belong to Aave token holders; - 50% of the voting rights belong to the users, i.e. aTOKEN holders (including debt and collateral).
