The founder of the AAVE CHAN (ACI) initiative, Mark Ziller, said that the proposal to renew the AAVE protocol has passed the quorum. In a publication on X, he indicated that the implementation of the Aaffenomics can start this month.
AAvenomics is a governance proposal to modify the distinctive symbol icon AAVE so that the protocol executes the graphics key. This will allow the protocol to share part of its revenues with the participants in the ecosystem. Under the suggestion, those who have obtained AAVE with bonuses in AAVE through the re -purchase program.
Through Buy & Distribute, the Finance Committee will purchase $ 1 million per week for six months using excess revenues for the protocol and distribute them to AAVE users who rid or closed the distinctive symbols.
Follow the support of the community aavenomics since his initial proposal, with the co -founder AAV Stani Colichv She described it as a “Switching doping fees.” Ziller It was also called the most important proposal in the history of ACI, noting that it took half a decade.
This community support is still clear, as approximately 100 % of the sounds to support the proposal. According to the screenshot of Ziller, there were more than 813,000 votes in support and less than three votes against it. As it now passes, the next step is to suggest the AAVE improvement (AIP), which DAO will also have to vote on the feature for its entire launch.
Ziller He said:
“If the AIP is executed, reviewed and voted on time, Save re -purchases will start this month.”
Meanwhile, the overwhelming support for the shot voting reinforces expectations that the proposal can soon become active. Many expect this to have a tremendous impact on the AAVE value, noting that the weekly re -purchase of a million dollars creates continuous pressure to demand the distinctive symbol, which may enhance its price.
AAVE code decreases by almost 50 % despite positive developments
The news adds to the growing list of positive developments on the AAVE protocol dating back to 2024. Over the past few years, AAVE has grown to become the largest Defi protocol with the total closed value (TVL) of $ 17.386 billion. The lending protocol continued to grow with its last move is to integrate AAVE V3 over Blocchain Cello.
Its launch on CELO means that AAVE V3, which was launched in March 2022, is already on seven Blockchain networks including ETAREUM, Aptos, Polygon, Avalanche and Irvian.
Despite the potential symbolic repurchase news and the approval coming from changing the huge distinctive symbol, Aake Token has decreased approximately 1 % today, highlighting what was a small year for the distinctive symbol. According to Coinmarketcap, the distinctive symbol decreased by 47 % on an annual basis, and it has witnessed a decrease of more than 50 % in the last 90 days.
Its weak performance appears to be connected to the total curve in the encryption market, which had a greater impact on Altcoins. Compared to Bitcoin, AAVE decreased by 42 % in the last 90 days and 22 % in 30 days.
However, AAVE is still much better compared to last year. The distinctive symbol increased by 37 % compared to its price last year and many believe that it was placed in the bull tour when positive feelings return to the market.
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