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Aave Labs proposes Aave Foundation in Cayman Islands, governance powers to remain with DAO

Aave Labs submitted an ARFC proposal to establish an ownerless Aave Foundation in the Cayman Islands. The foundation would hold, protect and license intellectual property including the Aave trademark, key domains and protocol code. The proposal covers a first phase focused on registration and appointments, with related registration, legal and establishment costs borne by the decentralised autonomous organisation (DAO). Governance powers would remain with the Aave DAO.