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BTC $67,019.19 +3.40%
ETH $2,001.90 +5.53%
BNB $628.40 +4.04%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $448.81 +0.69%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

abs

Vitalik: EIP-8141 is expected to be implemented within a year, fully addressing the account abstraction issue

Vitalik posted on the X platform stating that Ethereum has been discussing account abstraction (AA) since early 2016. Now, EIP-8141 serves as a comprehensive proposal aimed at addressing all remaining issues related to AA. The core concept of this proposal is "frame transactions," where a transaction contains N calls that can read each other's call data and can authorize the sender and gas payer.This mechanism supports various use cases: ordinary account transactions (such as multi-signature, variable keys, quantum-resistant signature schemes) are completed through validating frames and executing frames; when paying gas fees with non-ETH tokens, it can be achieved through the main contract without any intermediaries.In terms of privacy protocols, ZK-SNARK verification or the addition of two-dimensional randomness can be implemented through payment contracts. Regarding security, on-chain transactions are only valid when the validating frame returns an ACCEPT with a gas payment flag, while the memory pool layer will initially adopt conservative rules, gradually expanding later.EIP-8141 is highly complementary to FOCIL, with FOCIL ensuring quick transaction inclusion and AA ensuring that complex operations can be executed as first-class transactions directly. The proposal is also discussing EOA compatibility, which is theoretically feasible. After more than a decade of research, these technologies are expected to be implemented within a year through the Hegota fork.

The Aave governance dispute escalates, ACI releases the "Aave Labs Audit" report, and tensions rise ahead of the $51 million grant proposal

The Aave community governance conflict has escalated again. The Aave Chan Initiative (ACI) and its founder Marc Zeller released an "audit" report targeting Aave Labs on the eve of a vote for a $51 million proposal known as "the largest funding request in Aave's history," sparking widespread discussion.ACI stated on social media that before the "$51M Aave Will Win" proposal enters Snapshot voting, the community should examine Aave Labs' past performance and its cumulative use of approximately $86 million in funds. Zeller mentioned that ACI has already released its own transparency report and evaluated Aave Labs using the framework of "what was delivered, how much it cost, and what the returns were." The report pointed out that Aave Labs has a cumulative "total capitalization" of about $86 million, which includes: $16.2 million from the 2017 ICO financing, $32.5 million from VC funding rounds, $31.93 million from direct DAO grants, and approximately $5.5 million categorized as "unapproved" swap fees.Zeller also noted that the founding team once held 23% of the initial supply of LEND (which later migrated to AAVE), but the current AAVE holdings have not been publicly disclosed. The report questions why Aave Labs has not released an "accountability report" that includes cost-output ratios, financial disclosures, and wallet transparency, arguing that information disclosure remains insufficient in the context of receiving large amounts of funding over the long term.

Aave internally questions Labs' past performance: secured $86 million in funding, holds 23% of tokens, all six products failed or incurred losses

The founder of the Aave ecosystem contribution organization ACI, Marc Zeller, released a public report disclosing that Aave Labs has received approximately $86 million in capital support since 2017, including ICO, VC financing, and direct grants from the DAO. Meanwhile, the founding team retained 23% of the LEND tokens during the 2017 ICO (which were later migrated to AAVE at a ratio of 100:1).The report points out that Labs had a capital base of about $48.7 million before receiving DAO funding, and subsequently received approximately $37.4 million in grants from the DAO. They are currently applying for an additional $51 million through the "Aave Will Win" proposal.The report critically questions the past performance of Labs' products, stating that six independent products launched apart from the core protocol have either failed or not achieved profitability. Among them, the RWA project Horizon once claimed to have surpassed $1 billion in scale, but the actual RWA collateral scale is about $135 million, highly concentrated in a single asset. Since its launch in 2025, Horizon has generated approximately $216,000 in cumulative revenue for the DAO, while incentives and related costs amount to about $5.25 million, resulting in a return on investment ratio of about 24:1.The report also notes that early core developers of Aave V1, V2, and V3 left Labs between 2021 and 2022, with V3 being seen as the last major protocol version led by Labs. Subsequent versions have primarily been advanced by DAO service providers. In related governance votes, a single large delegated address played a key role in passing the Horizon proposal, sparking community discussions about the concentration of governance power and the efficiency of fund usage.This controversy comes at a time when a new proposal for a $17.5 million product growth grant is under review, further intensifying discussions within the Aave community regarding fund allocation, performance disclosure, and governance transparency.
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