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Wintermute CEO: Will Vote Against Aave's New ARFC Proposal

2025.12.26 09:06:52

On December 26, Evgeny Gaevoy—founder and CEO of Wintermute—stated that Wintermute will vote against an ARFC governance proposal focused on transferring control of AAVE’s brand assets to token holders. Gaevoy noted the proposal lacks specific details, highlighting critical uncertainties: how the entity managing AAVE’s frontend and brand will be governed, whether it operates as a for-profit entity, and its overall operational framework. Token value capture is a core challenge for AAVE, with a significant expectations gap between AAVE Labs and a large segment of token holders. Wintermute has invested in AAVE since 2022 and actively participates in its governance. Gaevoy expressed hope that AAVE Labs will meaningfully address the token value capture issue, which could serve as a model for other tokens.
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