Offchain Labs is committed to growing the Arbitrum ecosystem in a meaningful way, and we believe that it is in our best interests to continue increasing our direct exposure. As such, we have purchased additional $ARB in accordance with an enacted purchase plan. Through these actions, Offchain Labs is doubling down on the development of Arbitrum in all respects. We continue to believe in the DAO's strategic initiatives to empower developers, build community, and drive technical advancement. Arbitrum Everywhere

AAVE token alignment discussion is bad for the Aave DAO short term (investors are confused, token is down, misalignment between service providers, etc), but it is great for the DAO and industry long term. DAO will surely get the IP rights back and won't end up in a situation where they have no control over the future revenue streams. At the same time, ecosystem investors are now being forced to ask fundamental questions about what exactly they are buying, and what rights the token actually represents. That being said, I think Stani has a real prisoner's dilemma. After the Labs are forced to transfer the IP rights, he will end up in a situation where his equity loses the revenue and valuation. Will Stani accept it for the benefit of Aave, or instead pursue the path that maximizes value for himself/Labs? Given there is a history of Labs trying to get the most value for themselves (interface fees, Horizon revenue cut + new token, aave app ownership, etc), and misalignment between v4 and v3, it’s easy to imagine a scenario where Aave Labs ultimately exits the DAO. In fact, Labs team members have already publicly stated that they would leave the DAO if this proposal passes. Hypothetically, Labs can try to exchange the v4 codebase ownership for Aave IP rights and start all over again with v4, Lens, Horizon, Aave app (will be a new name ofc), new token, etc. Basically, Labs has everything, including team, money, multiple products, experience, influence, etc, but does not have TVL for v4. And since there was a public discussion on the forum that DAO is not planning to migrate v3 liquidity to v4, and these will be 2 separate protocols (at least short to mid term), TVL is not guaranteed for v4 within the Aave ecosystem either. If Labs separates and launches a new token for all of their products, I bet they will make $1B+ out of it. The question is whether Labs is ready to swallow the IP rights takeover and keep on contributing to the DAO despite diminished control, influence, and ego for the benefit of Aave, or whether they are ready to start over again with a new brand, new vision, and full control over the protocol.