AAVE gained 8% on Friday, briefly reaching $187.50 before consolidating near $182, as Aave Labs introduced a governance proposal to establish a memberless foundation in the Cayman Islands. The foundation would hold the Aave brand, related trademarks, primary domains and intellectual property tied to the protocol and its service contributors. Token holders would retain complete governance authority, while the foundation would have no voting, veto or advisory powers. The initial phase would create the entity and appoint an independent director and supervisor; any transfer of trademarks, domains or code repositories would require separate governance approval. The decentralized autonomous organization (DAO) would pay the initial legal and establishment costs, and the foundation would publish quarterly reports on its holdings and legal developments. About $350,000 in short positions were liquidated across three trading platforms during the rally. TradingView data showed AAVE at $181.66, up nearly 6% for the session, with prices ranging from $170.77 to $187.50. Positive daily MACD and a 4-hour ADX reading of 40.62 supported a potential move toward $200, while liquidation clusters were concentrated near $188-$189 on the upside and $178-$180 and $167-$168 below. Crypto Patel said AAVE had risen 223% from a $57-$67 accumulation range and identified possible targets of $208, $355 and $1,000 for the 2026-2027 market cycle. Michaël van de Poppe compared the setup with the structure before AAVE's late-2024 advance toward $400. The move also followed Aave V4's integration of seven Coinbase-issued tokenized equities as collateral on Base, allowing qualified users outside the United States to borrow USDC against tokens representing Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla shares. Founder Stani Kulechov said discussions remain active over a permanent token burn mechanism for Aavenomics 3.0. Aave's existing repurchase program has a $50 million annual allocation, but purchased tokens currently go to the DAO treasury rather than being permanently removed from circulation.