The somewhat controversial 'Aave will win' proposal has passed, but the next stage of ARFC voting still holds significant suspense. Notably, ACI cast around 26% opposition votes, but the proposal ultimately passed with a 52:42 ratio. The past few days were quite intense, and the decisive vote likely came from luggis.eth, an ancient DeFi whale who cast 10% YAE in the final 10 hours but left his own conditions. Dug into this address— It traces back to ETHLend, the predecessor of Aave, where he started purchasing and accumulating tokens. During that period, he held a large amount of LEND tokens, which later migrated to AAVE. Since before 2020, he has been consistently buying and accumulating AAVE, and in historical Aave governance votes, he has almost always voted YAE. However, he attached a Reason when voting, showing that he seriously considered ACI's proposed requirements. He advocated moving to the next stage (ARFC) for further refinement and outlined the following points: 1. Avoid binding DAO and Aave Labs in the terms, meaning if Labs fails to deliver on its commitments, the DAO can replace it. This aligns with ACI's milestone/KPI delivery stance. 2. Transferring only the trademark to the foundation is insufficient; a more comprehensive transfer is needed, including all intellectual property (IP), code repositories, domain names, etc., to ensure DAO continuity. In extreme cases, the DAO should be able to seamlessly take over. 3. 100% of revenue should belong to the DAO, with clear definitions and boundaries. (Previously, this was quite vague, and Labs could interpret it however they wanted.) This prevents Labs from exploiting loopholes. 4. Consider a phased funding deployment schedule and add more detailed budget breakdowns. Payments to Labs should be phased and based on KPIs, which is also something ACI advocates. It’s not over yet—the critical vote seems to be in ARFC. If Aave Labs doesn’t make more detailed adjustments, luggis.eth might vote against it next time. Based on the current voting ratio, the 10% difference could reverse the outcome.