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Aave's cash pile has ballooned by 115% to $115 million since mid-2024, with the platform's GHO stablecoin hitting a $200 million supply and reporting strong revenues.
The crypto verse has managed to rise back up from yesterday's slump, with the total market cap climbing by 4.08% to $2.86 trillion. While the market showed signs of getting stabilized, the trading volumes dipped south by 19.73% to $148.18 billion.
The Aave Chan Initiative (ACI), led by founder Marc Zeller, has introduced a new proposal to revamp the Aave (AAVE) protocol's tokenomics, revenue distribution, and liquidity management.
Aave has proposed a comprehensive update to its economic framework, focusing on revenue distribution, staking incentives, and liquidity management. The proposal, introduced by Aave Chan Initiative (ACI) founder Marc Zeller on March 4, is considered a pivotal development in Aave's evolution.
A major Aave contributor has submitted a plan to upgrade the protocol's tokenomics following a successful temperature check last August.
According to a March 4 proposal, the new “Aavenomics” implementation would include an Aave buyback and distribution program.
In the times when volatility strikes the crypto markets, the market participants become uncertain over the next price action. In such situations, the positive rounds usually attract a significant volume onto the platform, which is seen with AAVE. The trading volume over the platform surged notably by over 65%, reaching close to $595 million.
Aave governance has proposed updates to its tokenomics, introducing Anti-GHO tokens, restructuring staking rewards, and deprecating LEND. The plan includes treasury oversight by a new finance committee, secondary liquidity adjustments, and a buyback program to support AAVE's market value and ecosystem sustainability. The post Aave Proposes New Tokenomics, Shifting Revenue and Liquidity Management appeared first on Cryptonews.
TL;DR Aave DAO is evaluating a proposal to modify its economic structure, including changes in treasury management and liquidity incentives. A financial committee would be created to manage reserves and execute a token buyback program of $1 million per week for six months.
Aave (AAVE) proposed a vote to expand revenue distribution for both GHO and AAVE holding programs. The vote follows a temp check on the new tokenomics, proposed in 2024.
Aave DAO has introduced a major governance proposal aimed at enhancing the AAVE token economy. The proposal includes a structured AAVE buyback plan, redistribution of excess revenue, and upgrades to liquidity management.
The Aave community introduced a vital proposal on Tuesday, March 4, seeking to optimize AAVE's economics. While the crypto space displayed skepticism despite Trump's crypto strategic reserve declaration, AAVE enthusiasts aim to alleviate the altcoin's value through different strategies. These include token buybacks, axing LED token migration, liquidity enhancement, and re-distribution of extra profits.
The proposal builds on a temp check, approved in August 2024, to adopt a fee switch to return some of the platform's excess revenue to users.
Aave has officially expanded its version 3 network to the Sonic mainnet, the blockchain platform announced on March 3.
Aave has bounced from key support after a sharp correction, but is this the start of a bullish reversal or just a temporary relief rally?
According to Aave, Sonic's monetization model allows protocols like Aave to earn a share of the transaction fees generated by user activity.
AAVE, one of the leading decentralized finance (DeFi) protocols, is at a pivotal moment as it tests a key support level of $194.25, which could determine its next big move. After a recent dip from $199.36 to $194.25, traders and investors are closely watching for signs of a breakout or a potential decline.
AAVE signaled a potential breakout as key support and resistance levels define the market's next move.
Aave (AAVE), once a standout in the decentralized finance (DeFi) space, has recently experienced a significant price drop, falling 24.5% over the past week. Despite this sharp decline, trading volume has remained muted, indicating a period of consolidation or indecision in the market.
The Aave trading volume in recent days has been muted even though the price has fallen 24.5% in a week.
Aave's move is in response to a preliminary proposal shot down by the Polygon community to earn yield on bridged stablecoins.
The crypto market has witnessed its bloodiest day of the year so far, with Bitcoin plunging below $90k. Aave (AAVE) and Sui (SUI) crashed double-digits, down 16% and 15% respectively to lead top losers on the day among top 100 coins by market cap. Most altcoins were down double-digits.
The proposal, however, is not liked by the community, as it currently allocates nothing to native projects on Arbitrum.
AAVE, the native token of the popular decentralized finance (DeFi) platform, has emerged as one of the top performers in the crypto market over the past year. Surging by an impressive 177%, AAVE has outpaced other DeFi tokens, including Uniswap (UNI) and Lido DAO (LDO), marking a significant milestone in its growth.
