Aave
Why Aave is down 4.1% today
Analysis
Aave (AAVE) fell 4.1% over the past 24 hours as investors reacted to reports of internal DAO turbulence and the potential loss of a key technical contributor. AMBCrypto reported that BGD Labs plans to exit in April amid a governance crisis, which can raise concerns about continuity and execution for the protocol.
Contributing Factors (2)
Aave struggles as BGD Labs plans April exit amid governance crisis
Aave token is under pressure as governance rift escalates
Core technical contributor to cease involvement with Aave DAO
After four years contributing, BGD Labs said it would be leaving the DAO, citing changes to the organization and taking an “adversarial position“ to its liquidity protocol.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.