Aave Companies Requests $16.6 Million Compensation for Work on Aave V3

Aave Companies has requested $16.6 million in retroactive funding from the Aave DAO for its work in developing Aave v3. The $16.6 million retroactive funding will cover two payments. One part worth $15 million is for incurred work on the part of the team, while the remaining $1.6 million will be to cover smart contract auditing costs. Aave Companies said that the compensation is to cover Aave Companies’ work in developing Aave v3 launched earlier in the year. The Aave developer also wants the $16.6 million payment split between $10 million in stablecoins and $6.6 million in $AAVE.