Aave Founder: New ARFC Proposal Vote Fully Legal and Compliant with Governance Framework

On December 22, Aave founder Stani.eth tweeted that tomorrow’s “Brand Asset Ownership Transfer to Holders” ARFC proposal vote is fully legitimate. Over the past five days, all stakeholders have discussed the matter and finalized a timeline for the ARFC proposal. The snapshot also complies with the protocol’s governance framework requirements. Voting, he noted, is the best way to resolve the issue and the ultimate path to effective governance. The leading lending protocol Aave is caught in a storm of public debate, with its community recently locked in intense discussions over its revenue distribution mechanism and brand ownership. AAVE, the protocol’s native token, has dropped 8.9% in the past 24 hours, now trading at $161. Earlier reports stated the Aave community will launch the “Brand Asset Ownership Transfer to Holders” ARFC proposal vote on Snapshot tomorrow at 10:40 AM, running through December 26. The proposal aims to clearly define ownership, usage rights, and related terms for Aave’s brand assets and intellectual property (including domains, social media accounts, naming rights, etc.), and grant control of these assets to the DAO.