Aave Governance Vote caused a backlash on the instant boost.

A governance vote on decentralized finance (DeFi) lending protocol Aave has sparked outrage among key stakeholders after a proposal regarding ownership of Ave brand assets turned into a snapshot vote.

The proposal asks the community whether Aave (AAVE) token holders should regain control of the protocol's brand assets, domains, social handles, naming rights and other intellectual property through a legal vehicle controlled by the DAO.

The founder of Aave, Stani Kulekov, stated that the community is interested in the decision and announced that the proposal has been put to the vote.

“We understand that society is very interested in the way forward and is ready to make a decision,” Kulekov wrote.

While Kulekov said it was time for token holders to vote, other community members argued that the proposal was pushed to a vote prematurely in violation of governance rules.

Related: SEC ends investigation into Aave after four years, CEO Kulekov says.

Ave Labs Faces Allegations of “Hate Invasion”

Former Ave Labs Chief Technology Officer Ernesto Boado, who is seen as the author of the proposal, was raised without his consent and without his knowledge.

“This is not my idea in the ethos,” Boado wrote on X, not allowing the proposal to be voted on while the community discussion was still ongoing. He said that the escalation violates the trust in the society.

Mark Zeller, who heads the Aave Chan Initiative (ACI), said the idea “has gotten more one-sided” despite unresolved questions from representatives and token holders.

In the public statement, Zeller stated that the time and process choices will materially reduce community participation, and that the ability to gather or replace late participants is becoming limited.

“What started out as an effort to create transparency and a fairer relationship between existing stewards,” Zeller said, “is now being turned into a hostile takeover by labs.”

Zeller criticized the decision to push the vote during the holidays, which senior stakeholders, investors and institutions have identified as one of the “worst windows” for senior management votes.

Responding to the criticism, Kulekov said that the discussion has been going on for five days, there are many opinions and the vote meets all the requirements.

“People are tired of this discussion and the best solution is to get in the vote. This is the end of this administration,” he wrote.

The dispute highlighted deeper governance questions for one of the biggest DeFi protocols in the space.

While the concept focuses on “soft” property ownership, the latter emphasis emphasizes how much influence comes from control over growth, timing, and information flow.

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