Aave Service Provider Aave Chan Initiative (ACI) announced that it will end its collaboration with Aave DAO in July 2026, completing the transition in four months. This exit follows BGD Labs' announcement in April to cease contributions. ACI proposed an early settlement of the GHO stablecoin funds (ID 100070), transferring 120 days of funds into the treasury in a single payment, with the remaining returned to Aave Collector. The original contract and fund flow period extend until November 8, 2026. ACI was established in early 2023, with a team of 8 members, and a total compensation of $4.625 million over three years. (The Block)
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Aave Service Provider Aave Chan Initiative (ACI) announced that it will end its collaboration with Aave DAO in July 2026, completing the transition in four months. This exit follows BGD Labs' announcement in April to cease contributions. ACI proposed an early settlement of the GHO stablecoin funds (ID 100070), transferring 120 days of funds into the treasury in a single payment, with the remaining returned to Aave Collector. The original contract and fund flow period extend until November 8, 2026. ACI was established in early 2023, with a team of 8 members, and a total compensation of $4.625 million over three years. (The Block)