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