0xResearch Aave Governance, Polymarket, and LayerZero’s Zero Chain | Livestream
Feb 13, 2026
A heated breakdown of Aave’s governance fight, buybacks, treasury size and proposed revenue routing. A deep dive into Polymarket’s prediction-market thesis and whether retail inefficiencies can be monetized. A discussion of LayerZero’s new Zero chain, token questions, and why a messaging protocol might launch its own chain.
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Treasury-First Alignment
- Aave's proposal aims to align Labs and DAO by routing product revenues to the DAO treasury.
- Silvio argues this centralizes economic incentives and makes the token more investable to traditional investors.
Require Multiyear Targets
- Provide multi-year targets (revenues, costs, breakeven) before approving large annual budgets.
- This reduces runway risk and prevents throwing money at initiatives without measurable outcomes.
Distribution Over Pure Protocol
- Aave is shifting from pure protocol to a fintech distribution play (app, card, institutional products).
- Silvio sees distribution as higher-margin and crucial for capturing fees beyond lending.