Aave DAO Proposal to Transfer Brand Assets Fails Vote
The post Aave DAO Proposal to Transfer Brand Assets Fails Vote appeared on BitcoinEthereumNews.com.
Key Points: Proposal for Aave brand control shift to DAO failed, with significant opposition. The vote saw approximately 55% against, amid concerns of asset control risks. Market reacted with price fluctuations in AAVE token. The Aave Governance Forum recently concluded a voting process on December 26, 2025, where a proposal to transfer brand assets to DAO control was rejected, receiving 994,800 votes against. The outcome reflects potential concerns over governance stability, impacting the AAVE token market with a notable sell-off and highlighting challenges in decentralizing brand management through a DAO. Aave Governance Vote: 55% Oppose Asset Control Proposal Ernesto Boado, former CTO of Aave Labs and Co-Founder of BGD Labs, proposed transferring the Aave brand’s domain names, social media accounts, and other assets to a decentralized autonomous organization (DAO) on December 16. Despite efforts to reduce third-party control risks, the proposal received 994,800 votes against out of a total 1.8 million, leading to its failure. Market reactions were significant, with a notable sell-off involving 230,000 AAVE tokens resulting in a ~10% price drop. Stakeholders interpreted the sell-off as a response to governance uncertainty over protocol fundamentals, impacting investor confidence. Launched in November 2017, Aave has not had an easy path, yet it remains an influential protocol due to its consistent push for decentralized finance innovations. Aave Token Faces 10% Drop Post-Vote Outcome Did you know? AAVE’s recent price drop to $156 reflects investor sensitivity to governance and ownership structures in blockchain protocols. According to CoinMarketCap, Aave’s current price stands at $152.90, with a market cap of $2.34 billion, representing a market dominance of 0.08%. The 24-hour trading volume increased by 31.08% to $326 million. Recently, AAVE’s price shifted 1.63% in 24 hours and plummeted 43.48% over 90 days. Aave(AAVE), daily chart, screenshot on CoinMarketCap at 03:14 UTC on December 26,…
Filed under: News - @ December 26, 2025 3:23 am