Sexy proposal by Aave Labs:

- 100% of the revenue to the DAO

- Aave branding IP given to a new Foundation

I've been critical of Aave Labs exactly due to value leakage from the DAO.

But this seems like a big compromise from Aave Labs that $AAVE holders should like.

Instead of revenue, Aave Labs would ask for an annual budget from the DAO.

I truly believe that whatever the amount, builders, BD, marketing etc. should be generously rewarded for their work.

We've seen what happens when builders are not paid well. Ethereum Foundation devs leave and join other well financed projects.

So Labs should not be in a position to beg the DAO for funding, especially as they cut their own revenue streams. Obviously with clear disclosures and transparency.

Although some questions arise on who actually controls the Foundation that rules over Aave branding.

A recent proposal that required disclosure of voting addresses was blocked by undisclosed wallets.

On the other hand, that's how 1 token = 1 vote governance works. If Aave Labs wants to maintain control over the foundation, they are incentivized to hold those tokens, not sell.

Or new buyers are incentivized to buy $AAVE if they want control over Aave IP.

Let the market decide.

Still, in light of this, I'd like to see clear disclosure that the granted 75k AAVE tokens would not be used for voting.

Finally, the proposed migration from v3 to v4 within 8 to 12 months seems too quick: users usually want to see a new version pass stress-testing before moving the capital.

But these smaller things can and will be adjusted.

Feeling optimistic about this.

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