Aave is proposing a significant governance shift to a decentralized autonomous organization (DAO) following the conclusion of an SEC investigation. The proposal suggests transferring key assets, including the protocol's domain, trademarks, and social media accounts, to a decentralized entity. This strategic move is designed to eliminate centralized control and strengthen on-chain governance. If approved, the community would manage assets like aave.com through the DAO, potentially setting a new standard for governance models in the decentralized finance (DeFi) sector.
Aave Proposes Transition to DAO Control Post-SEC Investigation
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