分组1 - Aave's community is experiencing a significant divide over control of the protocol's brand and assets, highlighting the tension between decentralized governance and centralized development teams [1] - The dispute was sparked by Aave's integration of CoW Swap, which directed swap fees to Aave Labs instead of the DAO treasury, raising questions about brand control and economic risk alignment [1] - Supporters of DAO control argue it would ensure governance rights align with those bearing economic risk, while opponents believe it could hinder development and accountability [1] 分组2 - Ethereum developers are advancing plans for the "Glamsterdam" upgrade, which includes the Amsterdam and Gloas upgrades on its execution and consensus layers respectively [2] - The core proposal of Glamsterdam is the enshrined Proposer-Builder Separation (ePBS), aimed at preventing any single actor from controlling transaction inclusion and order [2] - ePBS would enhance security by allowing block builders to assemble blocks without revealing their contents to proposers, thereby reducing manipulation opportunities related to maximal extractable value (MEV) [2]

Core Viewpoint - The U.S. Securities and Exchange Commission (SEC) has officially concluded a four-year investigation into the Aave Protocol, providing clarity for the decentralized finance (DeFi) sector and its developers [1] Group 1: Company Insights - Aave's founder, Stani Kulechov, indicated that the investigation required significant time and resources from the team to maintain the Aave protocol and its ecosystem [1] - The conclusion of the SEC investigation alleviates uncertainty, allowing developers to advance DeFi initiatives in a clearer regulatory environment [1] Group 2: Industry Context - The DeFi industry has faced substantial regulatory pressure in recent years, highlighting the importance of regulatory clarity for future development [1]

Core Viewpoint - Aave is experiencing internal governance conflicts regarding the diversion of swap fees to Aave Labs instead of the Aave DAO treasury, raising concerns about potential losses for AAVE holders and the implications of privatization [1][3][7]. Group 1: Revenue Diversion Issues - Aave DAO members are questioning the revenue diversion to Aave Labs, which is reportedly moving swap fees to a private address controlled by Aave Labs, potentially costing the DAO over $10 million in annual revenue [3][7]. - The integration with CoW Swap has introduced user fees of 15-25 basis points, which are directed to Aave Labs rather than the DAO treasury, contrasting with previous arrangements where surplus revenue flowed to the DAO without user fees [3][7]. Group 2: Community Reactions and Concerns - Marc Zeller, founder of the Aave Chan Initiative, expressed that the situation is "extremely concerning," labeling it as "stealth privatization" of 10% of the Aave DAO's revenue, and raised questions about future revenue from other features [4][7]. - The community is debating the ownership of Aave's revenue and whether DAO-funded service providers have fiduciary duties to token holders, highlighting the ongoing internal conflict over the revenue loss [7]. Group 3: Aave Labs' Position - Stani Kulechov, founder of Aave, refuted claims of stolen revenue, stating that previous ParaSwap fees were a "discretionary surplus" and emphasized that Aave Labs incurs costs for engineering and security, justifying its monetization of products [5][6]. - Aave Labs acknowledged poor communication with the community regarding the changes but defended the decision to switch to CoW Swap, citing improved execution prices and enhanced protection against MEV attacks as key motivations [6].

Aave Horizon Initiative - Aave Horizon 是一项新的机构计划，旨在促进传统资本市场和链上金融的融合 [3] - Aave Horizon 采用 Chainlink SmartData，首先使用 NAVLink 数据源，使机构投资者能够借用代币化的现实世界资产 [1] - Aave Horizon 基于 Aave 协议构建，通过在机构级合规框架内实现针对合格代币化 RWA 的超额抵押贷款，从而连接机构代币化资产和 DeFi 市场 [2] Chainlink Integration - Aave Horizon 正在建立 Chainlink 服务更广泛的集成战略基础，包括储备证明和 SmartAUM，以加强风险管理 [1] - 通过使用高质量的 Chainlink 数据基础设施保护其贷款市场，Aave Horizon 可以在链上支持针对美国国债、信贷和股票作为抵押品的超额抵押稳定币贷款 [2]