Aave community votes to approve proposal funding Aave Labs
The Aave DAO has approved a governance proposal to provide Aave Labs with a total grant of $25,000,000 in stablecoins and 75,000 AAVE tokens, the latter vesting linearly over four years.
The grant includes: 5 million units of aEthLidoGHO flowing from the Collector Contract within six months; 15 million units of aEthLidoGHO flowing from the Collector Contract within twelve months; and 75,000 units of AAVE flowing from the Ecosystem Reserve within forty-eight months.
The proposal stipulates that any unspent funds remaining after the twelve-month grant period will be returned to the DAO treasury or otherwise disposed of per subsequent governance decisions.
