TechFlow reports, according to governance page, that the Aave community has initiated a new proposal suggesting the introduction of user aTOKEN as part of a voting mechanism called Userocracy.
The proposal highlights that the current issue with Aave DAO is that AAVE token holders possess all power and voting rights, while protocol users have no voting rights at all. This creates an oligarchic system where early AAVE holders continuously increase their voting influence; however, users are the protocol's most valuable asset.
Since Aave users currently have no voting rights despite having capital at risk within the protocol, the following changes to the DAO are recommended:
- 50% of voting rights allocated to AAVE token holders;
- 50% of voting rights allocated to users, i.e., aTOKEN holders (including those holding debt and collateral).
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