TechFlow reports, citing dlnews, that a dispute has emerged between Aave DAO and MakerDAO over a profit-sharing agreement, with Spark—the lending protocol developed by MakerDAO based on a fork of Aave v3—accused of violating its agreement with Aave DAO.
According to representative Marc Zeller, in February 2023, Phoenix Labs, the company behind Spark, proposed sharing 10% of the protocol's profits over two years, which was expected to result in a total payment of $2 million from Spark to Aave. However, Zeller stated that Spark failed to fulfill its obligations under the agreement, with actual revenue sharing amounting to only around 1%, largely due to some creative accounting practices by MakerDAO.
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