Aave Chan Founder Marc Zeller Teases Upcoming ‘Fee Change’ Vote for Aave Shareholders

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By Harper Lee

DeFi • April 6, 2024, 5:53 p.m. EDT

Published 1 minute ago on

Decentralized lending platform Aave AAVE

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could soon vote on whether to enable a “fee change” and distribute fees to holders, according to an article on X from Aave Chan Initiative founder Marc Zeller.

“Temperature check to enable ‘charge change’ next week”, said Zeller, after noting that Aave DAO’s current net profits are approximately $60 million per year, reflecting five years of operational costs.

Zeller had already mentioned the idea of ​​activating fees for Aave bettors in another article on declared. wrote on March 16.

Aave DAO recently approved changes to the staking fees for its stablecoin GHO in an effort to stabilize the token’s peg.

If Aave DAO chooses to enable fees, they would follow in the footsteps of the decentralized stablecoin protocol Frax FRAX

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Finance, which recently vote in favor of a proposal to reimplement its own fee change. Meanwhile, the decentralized exchange Uniswap United

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is in the final stages of preparing its own fee change proposal, should arrive mid-April after a successful temperature check.


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