Aave's proposal to transfer brand asset ownership to its DAO was rejected, with 55.29% of voters opposing the move. The proposal, known as ARFC, sought to shift control from a third party to the DAO through a legal framework. Despite 563,000 votes in favor, a significant portion of the community abstained, reflecting ongoing uncertainty in the digital asset market. The decision comes amid a volatile market environment, with investor sentiment showing mixed signals.
Aave DAO Rejects Brand Asset Ownership Proposal
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