Aave Proposal Considers Activating Fee Conversion and Buying Back Tokens from the Open Market

A new proposal from decentralized lending platform Aave suggests using fee-switching to return a portion of the platform's net excess revenue to its key users. Marc Zeller, founder of the Aave Chan Initiative (ACI), one of the top independent organizations serving the Aave DAO, issued a "temp check" on the move Thursday. ACI is one of the top independent organizations serving the Aave DAO. The next step is for the Aave community to provide input on the matter and potentially move to a snapshot vote, and Zeller also said on social media platform X that the proposal could drive repledging of the Aave agreement, providing a new revenue stream for Aave and its users.