AAVE proposal takes into account buying back tokens from the open market and enabling the fee switch

  • A charge swap is being considered as part of a new Aave proposal to provide some of the platform’s net excess money back to its important users.
  • Additionally, the move might cause the Aave protocol to resurface, opening up new revenue streams for both Aave and its users.

A fee swap could be implemented by the decentralized lending platform Aave in order to provide its major customers a portion of the company’s net excess revenue.

On Thursday, Marc Zeller released a temperature check (temp check) on the move. He is the creator of the Aave Chan Initiative (ACI), one of the leading independent companies that offers Aave DAO services. The Aave community will next be asked for their thoughts on the topic, with the possibility of a snapshot vote.

With the ACI, we believe the DAO is now prepared to investigate a next phase in the protocol’s development. We would also like to present a concise plan for the redistribution of protocol net excess revenue to the major players in the Aave ecosystem for governance review, which will generate fresh synergies and positive industry dynamics. Zeller stated as much in the temporary check.

Additionally, Zeller said on the social media network X that the idea might cause the Aave protocol to leak, opening up new revenue streams for both Aave and its customers.

Aave is a decentralized lending technology with locked values totaling more than $12.5 billion. The protocol had unveiled its V4 roadmap in May, which featured enhanced support for Aave’s GHO stablecoin in addition to other platform enhancements.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Puskar Pande

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