Aave Labs Proposes Establishing Aave Foundation to Hold Aave Trademark and Related Intellectual Property

Odaily News: Aave Labs has submitted an ARFC proposal to establish a memberless foundation, Aave Foundation, in the Cayman Islands, which would hold the trademark and related intellectual property of the lending protocol under the supervision of Aave DAO. The proposal only involves the foundation's registration and the appointment of independent directors, supervisors, and a secretary. The DAO will bear reasonable registration, legal, and setup costs, with no ongoing budget. Aave Labs and DAO service providers may not appoint or serve as directors or supervisors; governance authorities such as protocol listing, parameter adjustments, budgeting, and service provider selection remain with the DAO. Subsequent transfers of trademarks, domain names, and code intellectual property will be submitted separately for governance review, and the foundation will disclose its held assets, operating expenditures, and related legal actions on a quarterly basis.