Aave's ARFC proposal to "transfer brand equity control to token holders" failed to pass the vote.
AI Summary1 min read
TL;DR
Aave's ARFC proposal to transfer brand asset control to token holders failed, with 994,000 votes against and 63,000 in favor. It aimed to clarify ownership and grant DAO control over brand assets like domain names and social media.
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AaveGovernanceLending & BorrowingDeFiARFC proposalbrand asset controlDAOvoting failure
[Aave's ARFC Proposal to Transfer Brand Asset Control to Token Holders Fails to Pass Voting] According to Mars Finance, Aave's ARFC proposal to transfer brand asset control to token holders failed to pass the vote. The proposal received 994,000 votes against and only 63,000 votes in favor. The proposal aimed to clarify the ownership, usage rights, and related terms of Aave's brand assets and intellectual property (domain names, social media accounts, naming rights, etc.), and to grant the DAO control over them.