The founder of Aave Chan Initiative (ACI), Marc Zeller, has submitted a proposal called the "most important proposal in Aave history" to improve Aave's tokenomics and redistribute excess protocol revenue. The proposal, which is part of the Aavenomics update, aims to optimize secondary liquidity incentives and formally retire the LEND token. The changes also include the creation of an Aave Finance Committee (AFC) to manage treasury assets and liquidity strategies. Other upgrades mentioned in the proposal include the introduction of the Umbrella security module and a new fee-shifting mechanism called Anti-GHO. The proposal is currently in the community feedback phase and will undergo a vote if approved. Aave's market position has strengthened, allowing for updates while remaining competitive in the decentralized finance space.



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