Decentralized lending platform ghost ghost
+3.79%
“This is a temporary overhaul to enable ‘fee conversion’ next week,” Zeller said, after noting that Aave DAO’s current net income is approximately $60 million per year, reflecting five years of operating expenses.
Zeller previously teased the idea of enabling fees for Aave stakers in another post on X. “The new version of the safety module will propose to the governance to distribute fees to stakers,” he wrote on March 16.
Aave DAO recently approved staking fee changes for the stablecoin GHO to stabilize the token peg.
If Aave DAO chooses to enable fees, it will follow in the footsteps of decentralized stablecoin protocols. Frax 
Frax
-0.37%
Recently, financial Voted in favor of the proposal to re-implement self-fee conversion.. Meanwhile, decentralized exchange Uniswap 
UNI
+2.82%
Preparation of the self-fee conversion proposal is in its final stages. If the temperature measurement is successful, it will be released around mid-April.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.