Aave Faces Governance Clash Over Control of Its Brand

Lighter about to TGE and airdrop

On December 29th, at the crucial moment before the token launch, Lighter founder and CEO Vladimir Novakovski participated in an interview with @izebel_eth on his Twitter Space. Full script at: https://www.odaily.news/en/post/5208423

The predictions on airdop date: https://polymarket.com/event/what-day-will-the-lighter-airdrop-be/lighter-airdrop-on-december-29

While CEXes have pre-market perps: https://www.okx.com/trade-swap/lit-usdt-swap and https://cache.bwe-ws.com/bn-730

Who owns AAVE?

Aave's community members and participants have become sharply divided in a debate over control of the protocol’s brand and related assets, intensifying an ongoing dispute over the relationship between the DAO and Aave Labs. The debate has drawn outsized attention because it cuts to a central question facing many of crypto’s largest protocols: the tension between decentralized governance (DAO) and the centralized teams (Labs) that often drive execution.

Who ultimately controls those assets, token holders or builders, are becoming harder to ignore. Supporters of DAO control argue the proposal would align governance rights with those who bear economic risk, limit unilateral control by a private company, and ensure the Aave brand reflects a protocol governed and funded by token holders rather than a single builder. Those who support the Lab having that position counter that taking brand control away from the builders could slow development, complicate partnerships and blur accountability for running and promoting the protocol.

Circle not tokenizing gold yet

A fake press release claimed that Circle, the issuer of USDC, had launched a new platform called CircleMetals, offering tokenized gold and silver trading, describing a new service enabling 24/7 swaps between USDC and purported gold (GLDC) and silver (SILC) tokens, supposedly backed by COMEX-linked liquidity. The release, distributed on Christmas Eve, used Circle branding and quoted executives, but was later confirmed to be fake by Circle.

The fake platform, which remains live, appears to be a scam, with links to a swap platform and promises of rewards, but there is no evidence to suggest that the tokenized gold and silver tokens actually exist.

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