The post Wintermute Opposes AAVE Proposal Over Token Value Capture Concerns appeared on BitcoinEthereumNews.com.

Wintermute opposes AAVE’s governance proposal over unclear value capture and governance concerns, signaling a divide in the DeFi community. Wintermute founder Evgeny Gaevoy has announced that the firm will vote against the current AAVE governance proposal. The proposal, which seeks to transfer brand asset control to AAVE token holders, raises concerns about unclear value capture and governance mechanisms. As an active participant in Aave’s governance and a significant investor in the AAVE token, Wintermute’s stance has drawn attention within the DeFi community. The firm’s opposition highlights ongoing tensions over how the protocol should manage and allocate its value. Wintermute’s Concerns Over the AAVE Proposal The main concern Wintermute has with the AAVE proposal is the lack of operational clarity. Gaevoy questioned how the transfer of brand control would work in practice. He pointed out that the proposal did not specify who would manage the brand or how it would be monetized. This uncertainty around the operational details made Wintermute uncomfortable supporting the proposal. ⏰What happened in Crypto in the last ~48h: – Wintermute will against $AAVE forum proposal– Maple Finance issued its largest loan ever, $500MM– Binance will support the Frex Share($FXS) Mainnet Swap and Rebranding to Frax($FRAX)– Kraken Plans to Launch Prediction Markets in… pic.twitter.com/8lLQBE14nw — Layergg (@layerggofficial) December 26, 2025 Additionally, Gaevoy highlighted the misalignment between Aave Labs and a significant portion of AAVE token holders. The disagreement centers around who should benefit from the protocol’s generated value. Gaevoy believes that this disconnect could negatively impact the growth of the token, especially if the issues remain unresolved. He argued that Aave Labs and the token holders must reach an agreement on these fundamental matters. Political Maneuvering and Market Sentiment Gaevoy also criticized the political maneuvering surrounding the vote. He pointed out that the public escalation of the situation…

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Filed under: News - @ December 27, 2025 5:14 am