PANews reported on February 25 that, according to The Block, Marc Zeller, founder of the Aave Chan Initiative (ACI), released an "audit report" on Aave Labs ahead of a vote on its proposed $51 million funding round, escalating the Aave governance controversy.

In his report, Zeller points out that Aave Labs has raised approximately $86 million in funding to date (including ICOs, venture capital, and DAO payments), but lacks accountability in financial disclosure and wallet transparency. The audit specifically questions Aave Labs' RWA marketplace, Horizon, alleging that it inflated data through incentives, with an actual expenditure-to-revenue ratio of approximately 24:1. Furthermore, the report accuses Aave Labs of transferring approximately $5.5 million in swap fees generated by the aave.com frontend to addresses under its control without DAO authorization. These statements aim to urge token holders to reassess Aave Labs' ROI and accountability mechanisms before the Snapshot vote.

Previously, it was reported that AaveLabs' new proposal suggested transferring 100% of its protocol revenue to the DAO in exchange for operating funds .