Hello @eboado and thank you for your proposal.
I think this post can somehow be seen as a well formulated and clear defined proposal that is coming out of my post, from a couple days ago, but already including all the points and facts AAVE tokenholder have mentioned many times.
It is clear to me as a tokenholder myself and Aave DAO delegate, that everything im doing which include tasks like commenting, forum management & improvements, voting, as well as helping teams to guide thorugh the DAO, that im doing it to grow the DAOs treasury ultimately. My tasks are soley focused on bringing the most value to the protocol and its tokenholder. As it should be for everyone being active in the DAOs governance or working as a SP for the DAO.
By having all AAVE related brand assets on a DAO controlled legal wrapper, whatever this may look like, the DAO can protect itself against anyone trying to harm it in any way.
I want to be clear, there is no one trying to harm it right now, but this could happen and we need to look for solutions to make sure that whenever someone decides to leave or harm the DAO for whatever reason, that all DAO related assets are protected, at any time.
Additionally, if all assets are protected from individuals and can only be controlled together based on DAO made decisions there is only one ultimate goal, which essentially is to grow marketshare and grow revenue for the DAO, cause it would be the one entity paying everyone that is part of the DAO.
Aave is such a strong brand and protocol that it must be protected at all costs. It must be able to survive even if everyone decides to leave and a completely new team would show up.
Over the last few days I have been talking to people and reading many great examples of how to protect a DAO with a legal wrapper from API3, Lido to even Morpho.
The DAO is now so mature, that its time to protect it and I think @eboado did a great write up here from the other discussion.
We may should have thought about this a longer time ago, but better now than never.
Although this post already has most of it covered and only looks like the first version of several proposal, i would like to add something else important to it.
The name of the proposal is “Aave token alignment”, so I would like to propose that when the DAO finally has its legal wrapper that the DAO needs to have contracts with DAO SP & Delegates that add important aspects like:
- No other token will ever be introduced to govern products within the Aave ecosystem, not current ones and no future ones.
- Anyone being on the payroll of the DAO confirms to not work with any competitor, only if it has been approved by the DAO
- Main goal is to maximize the revenue for tokenholder
- Other points may be added if the DAO approves it via voting
Again, thanks for summarizing and writing this proposal, which I would have done myself as well.