$16 million will be distributed retroactively to Aave developers



$16 million will be distributed retroactively to Aave developers

The DAO behind decentralized finance (DeFi) platform Aave has offered to reward members of Aave Companies with $16.28 million in retroactive funding for their role in developing Aave Protocol V3.

Voting for the proposal began on September 6 and received more than 667,000 yes votes for the translation as of time. Reached a doubling of the 320k games required for the offer to be accepted. Voting ends today.

Of the $16.28 million, $15 million will be paid out to developers who have worked for more than a year, and $1.28 million to third-party auditors. The money will be given to members of Aave Companies, the company behind the popular DeFi protocol.

Its amount will create many AAVE tokens, Dai (DAI), Tether (USDT), USD Coin (USDC), alternative stablecoins (for example Frax stablecoin) and higher volatile assets (for example Synthetix).

Although it is not clear how such a payment decision was made, it became popular after Vitalik Buterin and Ethereum scaling solution Optimism’s Medium posts on July 21, 2021. came.

The main rationale behind rewarding with retroactive pay was that “it was easier to decide what was useful than what would be useful.”

Soruce : https://tr.cointelegraph.com/news/aave-devs-look-set-to-receive-16-3m-via-retroactive-funding

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