• Aave Chan Initiative founder Marc Zeller announces the potential vote for fee switch activation and distribution on Aave.
• Zeller hints at its possible impact on the platform’s use of its annual net profits.
• The platform’s move aligns with Frax Finance and Uniswap DeFi’s recent proposals to improve fee distribution schemes.

Aave Chan Initiative founder Marc Zeller announced a potential vote to activate a ‘fee switch’ on the decentralized language platform Aave. In an X post, he declared that the vote to check whether to turn on the fee switch and distribute fees to holders will possibly happen in the next week.

According to Zeller’s post, the net DAO profit is currently at $50 million per year, and it keeps on growing. The post hinted at the new move’s possible impact on the Aave DAO’s use of its annual net profits. Howeve…

The post Aave DAO To Follow Frax Finance & Uniswap in Improving Stakers’ Rewards appeared first on Coin Edition.

• Aave Chan Initiative founder Marc Zeller announces the potential vote for fee switch activation and distribution on Aave.
• Zeller hints at its possible impact on the platform’s use of its annual net profits.
• The platform’s move aligns with Frax Finance and Uniswap DeFi’s recent proposals to improve fee distribution schemes.

Aave Chan Initiative founder Marc Zeller announced a potential vote to activate a ‘fee switch’ on the decentralized language platform Aave. In an X post, he declared that the vote to check whether to turn on the fee switch and distribute fees to holders will possibly happen in the next week.

According to Zeller’s post, the net DAO profit is currently at $50 million per year, and it keeps on growing. The post hinted at the new move’s possible impact on the Aave DAO’s use of its annual net profits. Howeve…

The post Aave DAO To Follow Frax Finance & Uniswap in Improving Stakers’ Rewards appeared first on Coin Edition.