Wintermute Founder Opposes Aave Proposal Over Token Value Concerns

• Wintermute has held AAVE since 2022, participates in governance, but owns no Aave Labs equity.
• Main dispute focuses on how the Aave ecosystem value should flow back to token holders.
• Wintermute will vote no, saying the proposal lacks clarity, but a long-term solution remains possible.

Evgeny Gaevoy, founder of crypto market maker Wintermute, has said the firm will vote against a current Aave governance proposal. He first clarified Wintermute’s position, stating that the company has held AAVE tokens since 2022 and has been actively involved in Aave governance. Gaevoy also said he personally owns AAVE tokens but confirmed that neither he nor Wintermute has any ownership stake in Aave Labs.

“I really don’t appreciate all the politics around this vote, all the theatrics around process not being followed and general demonization of labs,” he said.

Wintermute Di…

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