Aave Labs has proposed creating a memberless foundation in the Cayman Islands to hold the Aave brand, trademark, domains, and protocol codebase intellectual property (IP) for the benefit of the Aave DAO. The initial phase involves only incorporating the foundation and appointing independent officers, with no transfer of assets yet. Future governance votes will decide on transferring trademarks and IP to the foundation, which aims to give the DAO formal control over Aave's brand and licensing. This move follows ongoing tensions between Aave Labs and the DAO over asset control and revenue, and aims to increase transparency and community stewardship of Aave's identity.
Aave Labs' proposal for a Cayman foundation is noted alongside Pluang's market snapshot as of Oct 02, 2026 23:03 WIB: out of 50 major cryptocurrencies priced on Pluang, 36 rose and 13 fell today. Notable movers include EOS with a price of Rp12.649 and a 1-day change of +8.13%, AXS at Rp22.000 up 7.83% with a Pluang order activity of 62% Sell / 38% Buy, and ALGO priced at Rp2.365 rising 6.48% with 69% Sell / 31% Buy order activity. Typical hold times range from 62 to 129 days for these assets.
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