Aave is contemplating a significant change in its fee distribution policy, with a proposal to activate a 'fee switch' that could see protocol fees distributed to stakers and token holders. Marc Zeller, the founder of the Aave Chan Initiative, has been a vocal proponent of this move, suggesting a vote on the matter could occur as soon as next week. This proposal comes in the wake of Aave DAO's announcement of its current net profit standing at approximately $60 million per year, a sum reportedly sufficient to cover its operating expenses for the next five years. The DAO recently approved changes to staking fees, indicating a strategic shift in its financial management and distribution model.
⚙️ AAVE is considering a “fee switch,” which could distribute protocol fees to stakers and token holders. 💰 A fee switch proposal gives the DAO free rein on making changes to the protocol’s fee mechanism. Read more: https://t.co/EXXIzwYoyd https://t.co/hW6F39MpdQ
🧠 Aave founder Marc Zeller considers 'Fee Distribution' vote for Stakers following profit success. $ALT jumped by 12.6% after AltLayer launched MACH AVS on Testnet to Enhance Rollup Transactions. 🌐 Explore More: https://t.co/m0vekY1UH1 #TheCryptoArk #BybitNews https://t.co/lnSiEfAz4O
Aave Chan Initiative Founder Proposes ‘Fee Switch’ as DAO Profits Top $60 Million Annually Aave’s Marc Zeller suggested turning on a so-called “fee switch,” which could distribute protocol fees to stakers and token holders. Read more: https://t.co/BoSpDuuGJ8 https://t.co/HWpSBJctAQ
🚨 Some Major news from yesterday🚨 - $ALT AltLayer MACH AVS has launched on Holesky testnet, marking the first AVS to operate under the re-staking Rollup framework. It’ll serve OP and Arbitrum - $Dydx proposal to liquid stake 20M DYDX with Stride has passed with 91.7% voting…
AAVE CONSIDERS ACTIVATING 'FEE SWITCH' FOR HOLDERS Aave is contemplating activating a 'fee switch' to distribute fees to holders, with Aave Chan Initiative founder Marc Zeller suggesting a vote on the matter next week. The move comes as Aave DAO's net profits amount to around… https://t.co/1r0QzKWI84
Aave could vote as soon as next week on whether to activate a “fee switch” and distribute fees to holders. Aave DAO’s current net profit is approximately $60 million per year, enough to cover operating costs for five years. Aave DAO recently approved changes to staking fees for…
Aave Chan founder Marc Zeller teases upcoming 'fee switch' vote for Aave stakers https://t.co/SgqOYZ87tN