Aave Labs Proposes Cayman Islands Foundation to Hold Protocol Trademarks and IP

Aave Labs has submitted an ARFC proposal in the governance forum to establish a memberless Aave Foundation in the Cayman Islands. According to PANews, the foundation would hold the lending protocol’s trademarks and related intellectual property under the supervision of Aave DAO.The proposal covers only the first phase, which includes registering the foundation and appointing independent directors, a supervisor, and a secretary. Aave DAO would cover reasonable registration, legal, and setup costs, with no ongoing budget.Aave Labs and DAO service providers would not be allowed to appoint or serve as directors or supervisors. Governance powers over listings, parameter changes, budgets, and service provider selection would remain with the DAO.Future transfers of trademarks, domains, and code IP would be submitted separately for governance review. The foundation would disclose its assets, operating expenses, and related legal actions on a quarterly basis.