Members of the Aave DAO clashed with Aave Labs, with some arguing that the company was not acting in the best interests of token holders. A dispute between the Aave decentralized autonomous organization (DAO), which governs the Aave decentralized finance (DeFi) protocol, and Aave Labs, the main development company for Aave products, over fees from the recently announced integration with decentralized exchange aggregator CoW Swap, continues to flare up. The issue was raised by pseudonymous Aave DAO member EzR3aL, who said that the fees generated by crypto asset swaps using CoW Swap were going to a different onchain address, not the treasury of the Aave decentralized autonomous organization. Instead, the fees are going to a private address controlled by Aave Labs. EzR3aL raised several questions, including why the DAO was not consulted before the fees were routed, and argued that the fees belong to the DAO. Read more
The decentralized exchange aggregator said users should refrain from visiting its website after a frontend exploit. Decentralized exchange aggregator CoW Swap is calling on users to refrain from using its website after an unknown party hijacked its domain. In a Tuesday X post, the decentralized autonomous organization (DAO) behind CoW Swap said its website had experienced a “DNS [Domain Name System] hijacking,” leading to a pause of its backend and APIs. The frontend exploit, through the website http://swap.cow.fi, was ongoing at the time of publication. “We are now actively working to resolve the situation,” said CoW Swap. “Please continue to refrain from using swap dot cow dot fi until we confirm that it is safe to use.” Read more