Getting “AAVE to set up a foundation” might lead people to assume the trademark, code, and so on have already been handed over to the community—maybe even that it’s being treated as a token so there’s instant extra revenue. But this proposal, for now, only outlines the first step: setting up a legal entity that can hold these assets.
In a governance proposal submitted on October 2, Aave Labs broke the work into phases. In the first phase, it would establish a non-member foundation, appoint independent directors and overseers; the transfer of the trademark, the main domain name, and the protocol code would happen later through separate governance processes. The proposal also states that the foundation would grant a free license of the brand name to be used for product development, while decisions about on-chain governance, parameters, and budget would still be made by token holders.
This distinction is very real for ordinary readers. Just because someone can hold and protect the protocol, trademark, and code doesn’t mean that anyone holding AAVE automatically gets a share of profits. To judge how things progress, first check whether the proposal passes, then verify that the assets genuinely get transferred and that permissions are executed according to the commitments—don’t treat “setting up a safe” as “the contents of the safe have already arrived.”
In a governance proposal submitted on October 2, Aave Labs broke the work into phases. In the first phase, it would establish a non-member foundation, appoint independent directors and overseers; the transfer of the trademark, the main domain name, and the protocol code would happen later through separate governance processes. The proposal also states that the foundation would grant a free license of the brand name to be used for product development, while decisions about on-chain governance, parameters, and budget would still be made by token holders.
This distinction is very real for ordinary readers. Just because someone can hold and protect the protocol, trademark, and code doesn’t mean that anyone holding AAVE automatically gets a share of profits. To judge how things progress, first check whether the proposal passes, then verify that the assets genuinely get transferred and that permissions are executed according to the commitments—don’t treat “setting up a safe” as “the contents of the safe have already arrived.”