Multicoin Capital: Supports Redirecting All Aave Product Revenue to the DAO, Recommends Phased Funding with Transparency and Compensation Model Optimization

Odaily News: Vishal Kankani, Head of the Investment Team at Multicoin Capital, posted on the X platform, stating that as a significant holder of AAVE, Multicoin Capital supports the proposal by Aave Labs to redirect 100% of product revenue to the DAO. Vishal Kankani believes this proposal is strategically significant as it moves toward a clearer token-centric economic model.

Regarding the proposal details, Multicoin Capital offers the following improvement suggestions: Since the proposal involves approximately $25 million in stablecoins and 75,000 AAVE (worth about $9 million), totaling roughly 25% to 30% of the treasury, a phased funding model is recommended, linking fund deployment to specific launch milestones and revenue targets. Furthermore, the definition and verification mechanism for "100% revenue" should be clarified, establishing a transparent product-level reporting system. In terms of incentive mechanisms, it is suggested to establish a revenue-linked compensation model rather than one based solely on milestones. Additionally, Vishal Kankani requested that Aave Labs clarify whether they plan to launch non-branded products or operate other revenue streams outside the Aave brand in the future. Finally, Vishal Kankani pointed out that issues regarding token value capture should be discussed in subsequent proposals, with the current priority being to complete the revenue alignment.