Aave governance vote ends in rejection after community pushback
The failed vote highlights deeper tensions over token value capture, governance power and whether DAO structures can effectively manage protocol identity.
Aave token holders voted against a controversial governance proposal seeking to place control of the protocol’s brand assets under DAO ownership.
On Friday, the snapshot poll closed with 55.29% voting “NAY” and 41.21% abstaining. Only 3.5% of voters supported the proposal.
The proposal asked whether Aave (AAVE) token holders should regain control over Aave’s domains, social handles, naming rights and other intellectual property through an entity under a decentralized autonomous organization (DAO). Supporters framed the move as a step toward decentralization and clarifying questions about brand stewardship.
Read more
