The Aave DAO and community recently voted against a proposal to transfer brand ownership from Aave Labs to the decentralized autonomous organization (DAO) governing the leading DeFi protocol. Prominent leaders like Aave Labs founder and CEO Stani and Marc Zeller, founder of the Aavechan Initiative, commented on the outcome, noting that voting achieved a record turnout.
What Did Aave Users Vote Against?
According to on-chain data, Coinspeaker retrieved from Snapshot, the “[ARFC] $AAVE token alignment. Phase 1 – Ownership” proposal closed on December 25. The Christmas vote saw a record 1.8 million AAVE users participate. 994,800 AAVE (55.29%) voted “NAY”, 741,600 AAVE (41.21%) chose to abstain, and only 63,000 (3.5%) voted in favor of the proposal.
“[ARFC] $AAVE token alignment. Phase 1 – Ownership” proposal | Source: Snapshot
Essentially, the proposal suggested that AAVE token holders should seek to take control of Aave’s brand assets. In this case, doma
We współpracy z: https://www.coinspeaker.com/aave-community-pushes-back-on-brand-control-proposal/
