AAVE LABS PROPOSES IP FOUNDATION TO BRING BRAND UNDER DAO OVERSIGHT

Summary from the TLDR Crypto newsletter

Aave Labs has proposed establishing an IP Foundation in the Cayman Islands to place Aave's brand and intellectual property under formal DAO oversight. The structure grants tokenholders authority to replace foundation directors, removing unilateral control from any single party, including Aave Labs. Phase 1 covers entity formation only. Transferring Aave's IP assets to the foundation requires separate future governance votes. The proposal follows a pattern among maturing DeFi protocols of creating off-chain legal wrappers to align formal asset ownership with on-chain governance rights.