Carefully reviewed the ARFC version of the 'Aave will win' proposal. It's long and detailed, and I feel like it has a high chance of passing. Here are a few key points and my thoughts: The previously controversial aspects in the community have been adjusted. For example, the 100% revenue allocation to the DAO now has a clearer definition of what constitutes revenue, with boundaries further clarified. Plus, quarterly audits by third parties are required. Nice. V3 will continue to operate, changing the earlier stance that V4 would completely replace V3. Good move. The proposed budget is still relatively large, but the token release period for AAVE has been extended from 2 years to 4 years. The budget breakdown, roadmap, and KPIs have been disclosed in detail, explaining what will be done and how much it will cost. Acceptable. Aave Labs will absorb some functions of BGD Labs and ACI, and they’ve committed to focusing solely on Aave development, with no unrelated ventures. Great attitude. Expanding revenue through V4—this, in my opinion, is the most critical point. The proposal suggests that V4’s model can unlock business opportunities that V3 couldn’t reach, including the reinvestment module mentioned a few days ago. These are optimizations in the product structure aimed at boosting revenue potential. Aave Labs put a lot of effort into this article, and most of my questions have been addressed. I think the governance issues are essentially resolved. While Aave hasn’t fixed the structural problems of the DAO, they’ve mitigated losses at the protocol level. The future development is now straightforward: it’s all about V4. If V4 performs well, it could make the market forget the unpleasant past. Otherwise, this sector might face a reshuffle.