AAVE Falls 10% to $160 After DAO Ownership Proposal Advances to Snapshot Vote

Aave Labs advanced a proposal on control of Aave's brand assets to a Snapshot vote, drawing objections from its author and delegates over process. Voting opens Dec. 23, while founder Stani Kulechov said the decision follows extensive discussion. Critics warn the timing and escalation undermine consensus in the Aave DAO.