Aave DAO proposal seeks to absorb Aave Labs' IP and equity

Internal conflict at Aave over governance and revenue distribution is intensifying, The Block reported. In response, an AAVE token holder has posted a "poison pill" proposal on the official forum that would have the Aave DAO absorb the intellectual property and equity of Aave Labs, effectively making it a subsidiary of the DAO. The proposal also calls for all revenue generated by Aave Labs from the Aave brand to be transferred to the DAO treasury. This move follows a recent controversy over allegations that swap fees from Aave's CoW Swap-based interface were being directed to an Aave Labs address rather than the DAO, as CoinNess previously reported.