[Aave Governance Dispute Sparks Fund Outflow, Justin Sun Moves to Sky Platform] The governance dispute between Aave's development team and its community has been ongoing for three months now, starting from early December, and it doesn’t seem to be cooling down. During this period, Aave's TVL dropped from $36 billion to the current $26.5 billion (data from DefiLlama). This decline is partly due to the value depreciation of major deposit/collateral assets like WBTC and ETH, and partly because whales, affected by the governance dispute, have shifted their funds to other lending platforms. The biggest whale making a move is Justin Sun. During this time, he withdrew $910 million in stablecoins from Aave and reallocated them to Sky and its sub-DAO Spark. Since early December, his deposits on Sky and Spark have increased from $570 million to $1.48 billion. Sky has now replaced Aave as his primary deposit platform. Justin Sun's main wallet: https://(debank.com)/profile/0x93904eec579e5bf7a57c2dd4afbea0f1c3e6a1d1 --------------------------------------------------------- ｜Bitget VIP, lower fees, bigger perks