#aaveprotocol

[stoccoin]

Aave Companies, a development lab overseeing crypto lending protocol Aave, is seeking over $16 million from the Aave community to pay for development work on the platform. Decentralized autonomous organizations (DAOs) like Aave rely on community votes and proposals to determine their path. Decisions are made by token holders, who vote on issues, new developments, growth plans and other issues proposed by their communities. “We propose that the Aave DAO retribute a total of $16.28M in retroactive funding to Aave Companies for the development of Aave Protocol V3,” Aave Companies wrote in a proposal to the Aave’s governance forum. While the proposal isn't scheduled to end until early U.S. hours Thursday, it has already reached quorum, with nearly 100% of votes supporting the funding. Community discussions on the governance forum were generally positive and supported the proposal. The total includes $15 million for work performed directly by the team over the course of more than a year, with the rest required for costs paid to third-party audit services. Some 60% of the compensation would go to engineering-based roles, and 40% to non-engineering roles, such as design and product management. . . Follow @stoccoin for daily posts about cryptocurrencies and stocks. NOTE: This post is not financial advice for you to buy the crypto(s) or stock(s) mentioned. Do your own research and invest at your own will if you want. This also applies to stock(s) or crypto(s), which you see in our stories. Thanks for reading folks! IGNORE THE HASHTAGS: #stoccoin #aave #dao #management #aaveprotocol #company #crypto #stocks #stockmarket #bitcoin #cryptocurrency #btc #metaverse #nft #sensex #nifty50 #bse #nse #banknifty #usd #investments #finance https://www.instagram.com/p/CiPrHFXP63E/?igshid=NGJjMDIxMWI=