Aave Delegate ACI will wind down after the Temp Check sound
The Aave Chan Initiative (ACI), the main governing agent and service provider in the Aave ecosystem, has said it will not renew its relationship with the Aave DAO and plans to wind down within the next four months.
In a statement on Tuesday, ACI founder Mark Zeller said the organization will continue to conduct governance activities and complete advanced commitments before transferring its infrastructure and responsibilities to DAO or successor providers.
“The Aave Chan Initiative was created for Aave. If there is no future in the Aave ecosystem, the name no longer applies. “ACI will be concluded when our obligations are fulfilled,” Zeller wrote.
ACI said its decision to withdraw was due to changes in governance standards and voting during the proposal process, which marked a significant change in Aave's governance landscape as the funding plan moves to the next stage.
Ave management transfer
The announcement follows a closely held Temp Check vote on Aave's “Aave Will Win” proposal, which seeks to allocate up to $42.5 million in stablecoin and 75,000 Aave (AAVE) tokens to Aave Labs under a DAO-backed development model.
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ACI previously questioned the size of the funding package and the inclusion of Aave tokens. In the year
Temp check passed. An off-chain instant vote on Sunday closed with 52.58% in favor, 42% against and 5.42% abstentions.
Under Aave governance, proposals must pass the Aave Request for Final Comment (ARFC) stage and an off-chain vote before entering a binding onchain Aave Improvement Proposal (AIP) vote.
According to data from Defilama, Ave has a total value of about $26.51 billion locked up, making it one of the top decentralized finance protocols by deposit.
Overall, DeFi TVL stands at about $93 billion, meaning Ave accounts for nearly one-third of the assets locked up in the sector.
Administrative issues and voting claims
In a statement, ACI said the temp check was decided by “Lab-connected addresses that voted on their own budget,” referring to a funding proposal by Aave Labs.
“There is no role for an independent service provider” in an environment where a major budget recipient holds undisclosed voting power and participates in votes that affect its own funding, the group said.
ACI said it would submit a direct-to-Aave reform proposal to cancel the GHO cash flow and transfer 120 days worth of payments to the Treasury.
He said that following the implementation of the resolution, the AAVE vesting stream will be terminated through Lamapai.
Aave Labs did not immediately respond to a request for comment.
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