AAVE DAO “rescue plan” to recover lost tokens passes with nearly unanimous support.
The confirmed proposal only affects lost AAVE, LEND, Tether , Uniswap and staked AAVE tokens that were mistakenly sent to the AAVE token contract, the LEND token contract, the LendtoAaveMigrator, or the stAAVE token contract.
It further authorized the team to initialize a new implementation for these contracts. The Aave DAO said that during the initialization, the lost tokens will be sent automatically to a separate AaveMerkleDistributor contract, where they will afterwards be sent to the owners. The proposal’s text emphasizes that these tokens will only be transferred during the contracts’ initialization phase, stating: “To be as less invasive as possible, these new implementations only include that extra logic on their initialize function, with everything else remaining the same.” This seems to imply that only tokens lost in the past will be recoverable. Future tokens mistakenly sent to these addresses may be permanently lost unless a new proposal is passed in the future.
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