Aave DAO and MakerDAO are in conflict over a $2 million profit-sharing agreement

ChainCatcher news, according to DL News, MakerDAO's lending protocol Spark (a fork of Aave v3) is accused of violating its agreement with Aave DAO. According to representative Marc Zeller, in February 2023, the company behind Spark, Phoenix Labs, proposed to share 10% of the protocol's profits over two years as a thank you for using Aave's code, estimating that Spark would pay Aave a total of $2 million. However, Zeller stated that Spark has not fulfilled its contractual obligations, saying, "Due to some creative accounting by MakerDAO, the actual revenue sharing is closer to 1%."

Zeller called for both DAOs to take a more collaborative approach and urged other members of Aave DAO to weigh in on the issue, suggesting that comments provide the DAO with options, such as declaring MakerDAO in violation of the agreement and viewing Spark as an "unauthorized fork of the Aave codebase." This incident occurs against the backdrop of intensifying competition between the two giants in decentralized finance (DeFi), with Aave surpassing MakerDAO this year to become the third most valuable DeFi project.