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Aave Community’s “Long-Term Executor” Proposal Receives Overwhelming Support

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It is reported that the voting proposal of \”long-term executor of the first phase of the rescue mission\” launched by the loan agreement Aave community has been…

Aave Community’s “Long-Term Executor” Proposal Receives Overwhelming Support

It is reported that the voting proposal of “long-term executor of the first phase of the rescue mission” launched by the loan agreement Aave community has been approved, with the proportion of affirmative votes exceeding 99.9%. Only one user uses a single AAVE token to vote against the proposal. This means that the tokens sent by the community members to the wrong address will be “rescued”. According to the proposal data, about $2.18 million of tokens will be recovered, including LEND, AAVE, UNI, USDT, stkAAVE, etc., of which more than 29188 AAVE tokens and 107 pledged AAVE tokens have a total value of about $2.16 million, but the proposal only recovers tokens worth more than $500. （Cointelegraph）

The “rescue plan” proposal of Aave DAO to save lost tokens was approved by 99.9% of the affirmative votes

Analysis based on this information:


The Aave community has overwhelmingly approved the voting proposal of selecting a “long-term executor” for the first phase of the rescue mission. This decision will allow tokens that were sent to the wrong address by community members to be recovered. Out of the total number of votes cast, more than 99.9% voted in favor of the proposal, with only one user dissenting.

The importance of this vote is due to the significant amount of tokens that will be recovered. According to proposal data, approximately $2.18 million worth of tokens, including LEND, AAVE, UNI, USDT, stkAAVE, and more, will be available for recovery. These tokens consist of more than 29188 AAVE tokens and 107 pledged AAVE tokens, which are valued at around $2.16 million. However, the proposal specifies that only tokens worth more than $500 will be recovered.

As a result, the Aave community’s initiative has ensured that the misplaced tokens will not be lost forever, and instead, the recovery process will provide an opportunity for their rightful owners to regain possession.

This voting proposal has highlighted the benefits of community-driven decision-making, as the lopsided numerical result suggests a strong consensus and agreement among the community members. It is a compelling example of how decentralized technology can efficiently handle difficult situations like misplaced tokens.

In conclusion, the Aave community’s proposal for a “long-term executor” has emerged as a victory for the blockchain technology community. The proposal’s success offers an insight into how the technology can provide innovative solutions to the challenges of a decentralized content management system. Decision-making by consensus among community members, as evidenced by the overwhelming support for this proposal, may prove to be a major driver of innovation as the blockchain industry continues to grow in the coming years.

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