Critics say the decision to fast-track a brand ownership vote exposed weaknesses in how one of DeFi’s largest DAOs handles governance process.
A governance vote at decentralized finance (DeFi) lending protocol Aave sparked a backlash from key stakeholders after a proposal on ownership of Aave’s brand assets was escalated to a snapshot vote amid unresolved discussion.
The proposal asks the community whether Aave (AAVE) token holders should regain control over the protocol’s brand assets, including domains, social handles, naming rights and other intellectual property through a DAO-controlled legal vehicle.
Aave founder Stani Kulechov said the community was interested in a decision, announcing that the proposal had been moved to a vote.