The proposal regarding the ownership of Aave's brand assets was rejected, with over 55% of the votes against it.
AI Summary1 min read
TL;DR
A proposal to transfer Aave's brand assets to DAO control was rejected, with over 55% voting against it, aiming to mitigate third-party risks.
Tags
AaveDeFiGovernanceLending & BorrowingDAOgovernancebrand assetsvoting
PANews reported on December 26 that, according to the Aave Governance Forum, the ARFC proposal to formally transfer Aave brand assets (domain names, social media accounts, naming rights, etc.) to DAO control concluded its voting on December 26 and ultimately failed to pass. The proposal received 994,800 votes against (55.29%), only 63,000 votes in favor, and 41.21% abstained. The proposal aimed to address the current risks of brand assets being controlled by third parties and sought to clarify ownership and use through a DAO legal structure.