According to PANews, MakerDAO's lending protocol Spark, which is a branch of Aave v3, is accused of breaching an agreement with Aave DAO. The accusation was made by representative Marc Zeller.
In February 2023, Phoenix Labs, the company behind Spark, proposed sharing 10% of the protocol's profits for two years as a token of appreciation for using Aave's code. This proposal estimated that Spark would pay Aave a total of $2 million. However, Zeller stated that Spark did not fulfill its obligations under the agreement. He said, 'Due to some creative accounting by MakerDAO, the actual revenue distribution is closer to 1%.'
Zeller called for a more collaborative approach between the two DAOs and urged other members of Aave DAO to comment on the issue. He suggested that the DAO declare that MakerDAO breached the agreement and consider Spark as an 'unauthorized fork of Aave's code library.'
This incident occurred amid increasingly fierce competition between the two giants in the decentralized finance (DeFi) space. This year, Aave surpassed MakerDAO to become the third most valuable DeFi project.
