brief:
• Aave founder Marc Zeller announced a possible vote on Aave’s “fee switch” that would redistribute $60 million in annual net profits to owners.
• Aave DAO supports adjustments to the staking fees of the GHO stablecoin to maintain its peg stability.
• The move is aimed at enhancing staker rewards and competing with DeFi protocols such as Frax Finance and Uniswap.
Marc Zeller, founder of the Aave Chan Initiative, has indicated a possible vote on a “fee switch” for the Aave DeFi (decentralized finance) platform. Zeller’s post on X noted that this could affect how Aave DAO uses its roughly $60 million in annual net profits to return to owners. The move is part of a broader discussion on incentivizing participation and investment in the Aave ecosystem.
Aave DAO recently made some adjustments to the staking fee structure of the Aave stablecoin GHO to maintain the stability of the stablecoin’s peg. Zeller’s announcement indicates that the protocol intends to compete with Frax Finance and Uniswap DeFi protocols by continuing to work on improving staker rewards, which is a novel use of the fee distribution design.
Aave proposes a security fund for staker income
Aave stakeholders are achieving this outcome every day. Zeller has already confirmed this in a tweet in March, where he proposed the idea of a security fund, the revenue of which will be paid to stakers. Such a proposition is consistent with the protocol's intention to increase the attractiveness of staking and bring more profits to stakeholders. According to Zeller, this move aims to make the network safer and more stable through a strengthened community of stakeholders.
It is hard to imagine that Frax Finance and Uniswap are currently implementing their fee conversions. Most DeFi protocols are also paying attention to user demand, proving this shift to paying adequate fees to users and enhancing platform security. Distributing fees to users could be the next step for the platform, going hand in hand with protocols that currently have this model.
Skywards proposes to integrate sUSDe into Aave V3
In a related development, DeFi entity Skywards proposed to integrate sUSDe into Ethereum's Aave V3. The proposal, currently in the interim review phase, aims to enhance the Aave protocol, provide new assets and stable income opportunities through cooperation with entities such as Chaos Labs. The integration shows that the company is increasingly focusing on expanding the platform's products and ensuring robust risk management through cooperation with entities such as Chaos Labs.
Skywards’ involvement highlights the community-centric approach Aave takes to governance and decision-making. The proposal for sUSDe not only introduces a new asset to the ecosystem, it also highlights Aave’s commitment to enhancing the platform through a collaborative, transparent process. This approach ensures continuous improvement and responsiveness to the needs of Aave users and stakeholders. #Aave #质押投票
