Update on Aave Grants DAO Renewal

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The Aave Grants DAO program plans to continue for the next two quarters with a $6 million budget, split between aUSDC and AAVE, following a successful Snapshot proposal and strong community support. The program is also expanding its team, indicating its commitment to actively support and promote projects contributing to the Aave ecosystem's growth.

The Aave Grants DAO program, a community-driven initiative designed to foster growth within the Aave ecosystem, is set to continue for the next two quarters with a proposed budget of $6 million. This decision comes on the heels of a successful Snapshot proposal and robust community backing. The budget allocation will be divided equally between stablecoins (aUSDC) and AAVE, with the former being held in the treasury for events and sponsorships. The Aave Grants team has been given the green light to transfer and redeem these stablecoins for USDC as required.

In addition to the financial aspects, the program is also looking to expand its personnel. Positions for an events coordinator, a marketing manager, and three reviewers are currently open. This expansion is a clear indication of the program's commitment to not only fund but also actively support and promote innovative ideas, projects, and events that contribute to the Aave ecosystem's growth and development.

In conclusion, the Aave Grants DAO program is poised for a productive period ahead, with a substantial budget and plans for team expansion. The community's strong support and the successful Snapshot proposal underscore the program's importance and potential impact on the Aave ecosystem.

Posted 2 years ago

Last reply 2 years ago

Summary updated 2 months ago

Last updated 04/12 00:18