Aave Labs submitted an ARFC proposal titled “The Aave Foundation, Phase 1” to the Governance Forum on October 2. The proposal plans to establish a memberless foundation company, Aave Foundation, in the Cayman Islands under the Foundation Companies Act, to hold the Aave protocol-related trademarks and associated intellectual property for the benefit of Aave protocol stakeholders. The proposal states that, for years, DAOs have funded service providers to produce code, risk tools, and documentation, but ownership often ends up with the contracting party. Additionally, the trademark and primary domain are currently not directly controlled by the DAO.
The first phase covers only entity registration, as well as the appointment of independent directors, supervisors, and a secretary. The DAO will cover reasonable registration, legal, and appointment expenses and will not request a continuing operations budget.
The proposal also specifies that the actual transfer of the trademark, the primary domain, and intellectual property in the protocol code must be submitted for governance voting only after the entity is formed. After the foundation is established, it will disclose—on a quarterly basis—the assets it holds, changes in ownership, operating expenditures, and enforcement actions to the forum. Governance permissions for protocol matters such as listing, parameters, budgets, and selecting service providers remain with $AAVE token holders. The foundation has no right to vote, veto, or serve in an advisory capacity. Neither Aave Labs nor its DAO service providers may appoint or serve as directors or supervisors.
If the ARFC reaches consensus, it will proceed to Snapshot, and then complete registration after on-chain AIP authorization of the establishment fees.
#AAVE #DeFi #治理 does not constitute investment advice
The first phase covers only entity registration, as well as the appointment of independent directors, supervisors, and a secretary. The DAO will cover reasonable registration, legal, and appointment expenses and will not request a continuing operations budget.
The proposal also specifies that the actual transfer of the trademark, the primary domain, and intellectual property in the protocol code must be submitted for governance voting only after the entity is formed. After the foundation is established, it will disclose—on a quarterly basis—the assets it holds, changes in ownership, operating expenditures, and enforcement actions to the forum. Governance permissions for protocol matters such as listing, parameters, budgets, and selecting service providers remain with $AAVE token holders. The foundation has no right to vote, veto, or serve in an advisory capacity. Neither Aave Labs nor its DAO service providers may appoint or serve as directors or supervisors.
If the ARFC reaches consensus, it will proceed to Snapshot, and then complete registration after on-chain AIP authorization of the establishment fees.
#AAVE #DeFi #治理 does not constitute investment advice
