AAVE LABS BRAND ACQUISITION PROPOSAL

Summary from the TLDR Crypto newsletter

Aave Labs advanced a brand-rights proposal to Snapshot vote without author Ernesto Boado's consent, prompting accusations of a "hostile takeover attempt" from Marc Zeller, who criticized the holiday timing and recent wave of new delegations with sizable voting power. Boado called the action "disgraceful" and urged abstention as the proposal seeks to give AAVE token holders explicit control of domains, social handles, GitHub organizations, and naming rights currently stewarded by Aave Labs and BGD Labs. Aave Labs defended the move as following documented governance rules requiring a five-day ARFC minimum before voting, arguing prolonged debate was "hurting the Aave brand" and critics were trying to rewrite rules because they lacked votes. The dispute escalated earlier tensions over CoW Swap revenue allegedly diverted from the DAO treasury and a "poison pill" proposal suggesting the DAO absorb Aave Labs entirely, as the AAVE token slumped over 10% in 24 hours.