The Aave community’s “Aave Will Win” proposal passed its temporary check, proposing that 100% of product revenue generated by Aave Labs be directed to the AAVE token. The proposal enters the ARFC stage for community refinement on governance mechanics, structural changes and sustainability considerations before a final on‑chain vote. Observers say this marks a shift from treasury‑centric to token‑centric economics, has drawn institutional attention (including a Grayscale S‑1 referencing an Aave spot ETF), and raises questions about developer funding and protocol risk buffers.

The proposal passed a temporary check and would redirect 100% of Aave Labs’ product revenue to the AAVE token (fact); it will be refined in the ARFC stage before an on‑chain vote (fact). Observers frame this as a move from treasury‑centric to token‑centric economics and the story notes institutional attention including a Grayscale S‑1 mention of an Aave spot ETF; concerns over developer funding and protocol risk buffers are explicitly raised (facts).