Aave Community Approves Voting Proposal for Long-Term Executor of Rescue Mission

03/11/2023 03:12 • AI & Tech Insights • 59 views

It is reported that the voting proposal of “long-term executor of the first phase of the rescue mission” launched by the loan agreement Aave community has been approved, with the proportion of affirmative votes exceeding 99.9%. Only one user uses a single AAVE token to vote against the proposal. This means that the tokens sent by the community members to the wrong address will be “rescued”. According to the proposal data, about $2.18 million of tokens will be recovered, including LEND, AAVE, UNI, USDT, stkAAVE, etc., of which more than 29188 AAVE tokens and 107 pledged AAVE tokens have a total value of about $2.16 million, but the proposal only recovers tokens worth more than $500. （Cointelegraph）

The “rescue plan” proposal of Aave DAO to save lost tokens was approved by 99.9% of the affirmative votes

Analysis based on this information:

The Aave community has recently approved a voting proposal for a long-term executor of the first phase of the rescue mission launched by the loan agreement. The approval rate was impressive with over 99.9% of affirmative votes, while only one user used a single AAVE token to vote against the proposal. This development means that tokens sent by community members to the wrong address will be “rescued.” Based on the proposal data, around $2.18 million of tokens will be recovered, including LEND, AAVE, UNI, USDT, stkAAVE, and so on. Out of these, the proposal will recover tokens worth more than $500.

The Aave community has been actively working on ways to retrieve tokens accidentally sent to the wrong address, which led to the launch of the rescue mission. The approval of the voting proposal for a long-term executor of the mission is a significant milestone towards achieving this goal. The high rate of affirmative votes clearly indicates that the community is in agreement with the proposed solution.

The recovery process will include rewarding and incentivizing those who help locate any lost tokens, which will be distributed from the rescued tokens’ pool. The tokens’ recovery will be a relief to those who’ve lost their tokens and boost the community’s trust in the Aave project, as the recovery process is transparent, fair, and inclusive.

In conclusion, the Aave community’s approval of the voting proposal for a long-term executor of the rescue mission marks an essential step towards recovering tokens accidentally sent to the wrong address on its platform. The recovery process outlines clear guidelines for locating and distributing the lost tokens while providing rewards and incentives for those who help. This move not only benefits token holders but also bolsters the Aave project’s trustworthiness and the community’s confidence in its future.

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