Coin Edition -
- Aave Chan Initiative founder Marc Zeller announces the potential vote for fee switch activation and distribution on Aave.
- Zeller hints at its possible impact on the platform’s use of its annual net profits.
- The platform’s move aligns with Frax Finance and Uniswap DeFi’s recent proposals to improve fee distribution schemes.
Aave Chan Initiative founder Marc Zeller announced a potential vote to activate a ‘fee switch’ on the decentralized language platform Aave. In an X post, he declared that the vote to check whether to turn on the fee switch and distribute fees to holders will possibly happen in the next week.
The Aave treasury "Cash" (Eth & Stables) is now at 50m$. (2.5 years of operational costs)Net DAO profits are currently at $50m/year and growing.Temp check to activate "fee switch" next week.You can track the treasury balances with @zapper_fi