Reported by The Block: A new Aave proposal considers adding a fee switch to return some of the platform’s net excess revenue to its key users.
The move could also lead to Aave protocol restaking, providing new revenue sources for Aave and its users.
The decentralized lending platform Aave could potentially adopt a fee switch to return some of the platform’s net excess revenue to its key users.
Marc Zeller published a temperature check (“temp check”) on the move on Thursday. He is the founder of the Aave Chan Initiative (ACI), one of the top independent organizations providing services for Aave DAO. The next step is for the Aave community to provide input on the matter and potentially move to a snapshot vote.
“With the ACI, we consider the DAO now ready to explore a further step in the protocol’s maturity and would like to submit for governance consideration a clear path for protocol net excess revenue redistribution to the key actors of the Aave ecosystem, creating new positive dynamics and novel synergies within the industry,” Zeller wrote in the temp check.
Zeller also stated on the social media platform X that the proposal could lead to Aave protocol restaking, providing new revenue sources for Aave and its users.
Aave is a decentralized lending protocol containing over $12.5 billion in total value locked. In May, the protocol rolled out its V4 roadmap, which included bolstered support for Aave’s GHO stablecoin and other improvements to the platform, The Block previously reported.
Aave’s native token AAVE traded at $91.27 after seeing a 3.13% decrease in the past 24 hours, according to The Block Prices.