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Aave Chan Founder Marc Zeller Announces ‘Fee Shift’ Vote for Aave Stakers

DeFi • April 6, 2024, 5:53 PM EDT

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Decentralized lending platform ghost ghost

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According to a post by Aave Chan Initiative founder Marc Zeller on

“This is a temporary overhaul to enable ‘fee conversion’ next week,” Zeller said, after noting that Aave DAO’s current net income is approximately $60 million per year, reflecting five years of operating expenses.

Zeller previously teased the idea of ​​enabling fees for Aave stakers in another post on X. “The new version of the safety module will propose to the governance to distribute fees to stakers,” he wrote on March 16.

Aave DAO recently approved staking fee changes for the stablecoin GHO to stabilize the token peg.

If Aave DAO chooses to enable fees, it will follow in the footsteps of decentralized stablecoin protocols. Frax Frax

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Recently, financial Voted in favor of the proposal to re-implement self-fee conversion.. Meanwhile, decentralized exchange Uniswap UNI

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Preparation of the self-fee conversion proposal is in its final stages. If the temperature measurement is successful, it will be released around mid-April.


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