Aave Chan unveils ‘most important proposal’ for DeFi’s top lender

A major contributor to Aave submitted a plan to improve the protocol tokenomics after a successful temperature check last August.

Marc Zeller, founder of the Aave (GHOST) Chan Initiative, officially has request For community support on a proposal to restructure the project income allocation, Sunset the Lend Smart Contract and implement improvement liquidity management systems for users.

The ACI de Zeller is an eminent delegate in the Aave DAO, the decentralized autonomous organization responsible for improving the largest channel lender.

The AAVE of the ACI comments would implement phase one of the so -called “aaventomics” plan. Under the strategy, the project would create an Aave finance committee to manage its treasure of $ 115 million and allow a change in fees to reward important players.

Part of the AFC’s mandate would include a six -month aave token buyback with a weekly budget of $ 1 million. The DAO would reassess the program after its completion and decide to get on the scale or tighten the strategy, according to Zeller’s proposal.

The ACI also proposed to freeze the loan migration contract to recover 320,000 Aave parts. Lend was the initial governance token of lender DEFI before the 2020 upgrade to Aave. About 65 million dollars of tokens are currently in Lend’s intelligent contract.

As a superior protocol in mind to borrow and lend the crypto, Aave spends the liquidity costs of small fortune. The ACI intends to reduce this annual bill by $ 27 million by merging the management of puncture and liquidity within the framework of a new “umbrella” security system.

The proposal also suggested creating an anti-GHO module, an income distribution module for GHO stable to reward stakers. Zeller called The plan of the “most important proposal” of the ACI so far. The ARFC was released six months after a temperature control approved in August.