Aave Labs has pledged to share off-protocol revenue with token holders, and AAVE has surged over 10% in the past 24 hours.
TL;DR
Aave Labs will share off-protocol revenue with AAVE token holders, leading to a 10.69% price surge in 24 hours as the market reacts positively.
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[Aave Labs Pledges to Share Off-Protocol Revenue with Token Holders; AAVE Surges Over 10% in 24 Hours] Mars Finance reports that on January 3rd, Aave founder Stani Kulechov announced on the official governance forum that, based on recent community discussions, Aave Labs is committed to sharing off-protocol revenue with token holders. This synergy is crucial for both Aave Labs and AAVE holders, and a formal proposal outlining the specific operational mechanism will be submitted soon. Aave Labs will design a structure in its upcoming proposal to support this long-term vision while providing full protection for both the DAO and Aave token holders. Market data shows that, possibly influenced by this news and a general market rally, AAVE has surged 10.69% in the past 24 hours, currently trading at $165.