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AAVE surges 8% to $187.50 after Cayman foundation proposal

  • Aave’s governance proposal calls for creating a Cayman Islands foundation.
  • 8% lifted AAVE to an intraday high of $187.50.
  • AAVE token holders would retain full governance control under the proposal.

AAVE surged 8% to an intraday high of $187.50 after a new governance proposal called for creating a Cayman Islands foundation to manage Aave’s intellectual property. The proposal says AAVE token holders would retain full control over governance.

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