- Aave DAO rejected a proposal asking Aave Labs to transfer certain brand assets to the DAO.
- The vote ended 55% opposed, 41% “abstain,” and 3.5% in favor, according to the final tally.
- Tension arose after Aave Labs kept revenue from app.aave.com that previously flowed to the DAO.
- Stani Kulechov and other leaders said the result raises governance questions and pledged clearer alignment between Labs and token holders.
Aave DAO members voted on Dec. 25 on a proposal to request that Aave Labs transfer “brand assets” — such as naming rights, social accounts, and the aave.com domain — to the cooperative. The vote rejected the request after debate over revenue from app.aave.com and who should control branding.
The dispute began earlier this month when Aave Labs kept revenue generated by app.aave.com, which critics said had previously been directed to the DAO; this development was reported in an DeFi/aave-dao-clashes-with-founder-over-website-revenue/”>earlier story. The formal proposal to request ownership transfer was filed by contributor Ernesto Boado; see the full proposal.
Boado called the Labs-initiated vote timeline “disgraceful” and urged members to cast an “abstain” vote to signal displeasure; his comment is recorded here. Stani Kulechov, founder of the protocol and CEO of Aave Labs, said token holders should be ready to vote in a tweet about the discussion (tweet).
The final tally showed 55% opposed, 41% abstain, and about 3.5% in favor, according to the final tally. After the vote, Kulechov wrote that it raised “important questions” and pledged to clarify economic alignment between Labs and $AAVE token holders; his post is available here. Influential DAO member Marc Zeller called the result a moral victory and wrote, “Despite an unfair timeline and every practical disadvantage stacked against the DAO, participation broke records.” His full comment is posted here.
Technical definitions: DAO (decentralized autonomous organization) — a member-run cooperative that governs a protocol; DeFi (decentralized finance) — financial services built on blockchain networks. The protocol holds over $33 billion in user deposits, and the Aave token traded just under $155 near the vote, down about 22% since the dispute began.
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