AAVE Rallies to $187 as DAO Votes on Foundation to Hold Protocol Trademarks
- —AAVE rose 8% to $187.50, then consolidated around $182
- —Proposal would create a Cayman foundation to hold Aave brand and IP
- —Foundation would have no voting or veto rights; DAO keeps control
- —About $350,000 in short positions were liquidated across three venues
Why it matters: Moving the brand and IP under DAO control strengthens the token's value capture, while a potential buyback-and-burn could cut AAVE supply.
Source: Blockonomi