Aave is at the center of a governance dispute after the DAO and Aave Labs clashed across forums and social media, initially over fee distribution. But the debate has turned into a full-blown indictment of how many major crypto organizations are structured.

At the core of the disagreement is the question of what role should DAOs and companies play, and the difference between token holders and equity holders.

In response, Ernesto Boado, co-founder of BGD Labs and former CTO at Aave Labs, proposed a multi-phase token alignment proposal aimed at clarifying the role and rights of AAVE tokenholders.

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