Vishal Kankani, head of the Multicoin Capital investment team, issued a response from Multicoin Capital regarding the Aave WillWin framework, expressing support for the proposal put forward by Aave Labs. As a significant holder of AAVE, Multicoin Capital considers the redirection of 10% of Aave branded product revenue to the DAO as a strategic shift that helps drive Aave towards a clearer token economic model.

The company stated that if executed properly, this proposal would not only be significant for Aave but also set an important precedent for the entire DeFi sector. Multicoin Capital mentioned that the proposal allocates approximately $25 million in stablecoins, plus 75,000 AAVE tokens (valued at about $118 per AAVE, totaling approximately $9 million), along with additional milestone rewards.

In total, this means an economic exposure of over $40 to $50 million, accounting for about 25% to 30% of the total funds. This represents a considerable portion of the Aave DAO’s funds. Given the scale and pioneering nature of this funding request, we believe the proposal should provide more detailed financial and underwriting data to justify the size of the request.