Aave Chan Initiative (ACI) founder Marc Zeller has done what he calls ‘the most important proposal in a history’, as a result of which the price of Aave rises.
Graph with the rise in an Aave price.
The proposal, which is submitted today as an AAVE request for comments (ARFC), marks the first phase of the update “Aavenomics”, which aims to improve Aave -Tokenomics, redistributing surplus protocol income, to optimize the income of the secondary liquidity and the loan of the formal.
“After half a decade of hard work with ACI, we are proud of presenting the updated Aavenomics proposal for the Aave Dao,” said Zeller in a statement above X. “We see this as the most important proposal in our history, read it free to read and give feedback.”
ACI serves as a governance representative and service provider within the Aave Dao, who supervises the creation of proposal and strategic development for the Aave protocol. The newly proposed changes pink the way for a potential reimbursement change to return surplus net income to important users of the platform after approval of the Aavenomics QA in August 2024.
The market position of Aave has been considerably strengthened since the Augustus vote, with the cash reserves increasing by 115% to $ 115 million. Zeller said that this financial stability enables Aavenomics to continue to update Aavenomics and at the same time remain competitive in the decentralized financial space (Defi).
An important part of the proposal is to create an Aave Finance Committee (AFC) that will manage the Treasury Assets and Liquuidity strategies of Aave. The AFC will supervise a $ 1 million per week Aave return program for six months, with the possibility of scaling the initiative through a follow -up offer, depending on the financial health of the protocol.
The Aavenomics Update aims to lower the current annual liquidity costs of AAVE $ 27 million and at the same time improve the incentives of secondary liquidity. The new system will set up setting with active liquidity management, which moves Aave to the return of the market instead of distributing it as rewards.
Another important upgrade includes the introduction of the umbrella security module, designed to protect users against poor debts “encounter billions”. The proposal also introduces Anti-Gho, a new mechanism that is a reimbursement mechanism that re-grants part of the income from GHO Stablecoin to Aave Strikers, to replace the current GHO discount system.
The proposal is also aimed at the formal retirement of the Lend-to-AAVE migration contract and 320,000 non-occupation Aave tokens worth around $ 65 million for the ecosystem reserve. Lend was the original administration and the usefulness of Aave before it was upgraded to Aave in 2020.
The proposal is now a feedback phase of the community in that aims to reach consensus before he switches to a vote outside the chain. If approved, it will continue to a formal proposal for chain governance (AIP) for the final implementation.
*This is not investment advice.
