Multicoin Capital: Supports redirecting all revenue from Aave products to the DAO, recommends phased funding with transparency, and optimizations for compensation models.

Odaily Planet Daily reports that Vishal Kankani, head of the investment team at Multicoin Capital, stated on the X platform that as a significant holder of AAVE, Multicoin Capital supports the proposal from Aave Labs to redirect 100% of product revenue to the DAO. Vishal Kankani believes this proposal advances a clearer, token-centric economic model and has strategic significance.

Regarding the proposal details, Multicoin Capital offers the following suggestions for improvement: since the proposal involves approximately $25 million in stablecoins and 75,000 AAVE tokens (about $9 million), accounting for roughly 25% to 30% of the treasury, it is recommended to adopt a phased funding approach, linking fund deployment to specific milestones and revenue targets. Additionally, the definition and verification mechanism of “100% revenue” should be clarified, and a transparent product-level reporting system should be established. In terms of incentives, it is suggested to create a revenue-linked compensation model rather than one based solely on milestones. Furthermore, Vishal Kankani requests that Aave Labs clarify whether they plan to launch non-branded products or operate other revenue streams outside the Aave brand in the future. Lastly, Vishal Kankani points out that issues related to token value capture should be discussed in subsequent proposals; the current priority is to align revenue.