PANews December 24 news, according to Cointelegraph, Aave founder Stani Kulechov recently spent 10 million dollars to purchase AAVE tokens. Some members of the cryptocurrency community claim that this move is aimed at enhancing his voting rights in key governance proposals. Critics argue that large token purchases may have a substantial impact on the voting results of high-risk proposals. This controversy has once again raised concerns about whether token-based governance can adequately protect the rights of minority holders, especially when founders or early insiders hold significant economic influence.
DeFi strategist Robert Mullins posted on the X forum, pointing out that Kulechov's purchase of AAVE tokens was to increase his 'voting power so that he can vote in favor of a proposal that directly harms the interests of token holders.' He added, 'This clearly shows that the token mechanism is insufficient to effectively prevent governance attacks on AAVE tokens.'
Previously, news indicates that the AAVE community's new proposal aims to reclaim brand and channel ownership.
