To this day, Aave DAO has never sold a single ETH. ETHDONUTWETHAAVEETHDAO 3mon ago by r/ethtrader

While many DAOs and protocols sell ETH to pay for expenses, Aave DAO has never sold a single coin. Instead of selling their holdings, Aave does the opposite, they provide wETH liquidity on Aave and maintain a diversified treasury of Liquid Staking Tokens and Liquid Restaking Tokens. Their list of holdings includes Lido, RocketPool, Ether.fi, Stader, Kelp, and StakeWise. This way they ensure their reserves are deeply tied to Ethereum's growth. Aave DAO's ETH reserves are also growing weekly, adding about 100 ETH into their reserves regularly. Not only does Aave hold ETH but it also runs validator nodes with Stader, and is getting ready to expand operations with Lido, EtherFi, and Rocket Pool. They're supporting Ethereum from the very core of the network. But if they never sell ETH, how do they pay for expenses? The answer is actually very simple, they are very profitable. Instead of selling ETH, they use stablecoins from their reserves to cover the costs. Also, recently they made some bold decisions to cut costs and let go of excessive staff to optimize spending. This is financial discipline and people notice it. Some users tagged Vitalik Buterin and the Ethereum Foundation on twitter, saying Aave's strategy is the perfect way to manage a treasury. Someone argued if the Ethereum Foundation adopted the same practices, ETH would be $10,000 by now. In my opinion if it were up to Aave, Ethereum would win. Source: https://x.com/lemiscate/status/1884901734461706453 submitted by /u/MasterpieceLoud4931 [link] [comments]