Morpho Founder Proposes Treasury Classification, Aave Founder Calls It Self-Serving

Morpho founder Paul Frambot has proposed a classification scheme to divide on-chain treasuries into "noncustodial" and "discretionary" categories to clarify their nature for regulators. Aave founder Stani Kulechov opposed the proposal, labeling it "self-serving." Several treasury developers also raised concerns, arguing that timelock mechanisms do not effectively remove the role of administrators.