Aave Labs has pledged to share off-protocol revenue with token holders, and AAVE has rebounded above 160 USDT.
TL;DR
Aave Labs commits to sharing off-protocol revenue with token holders, boosting AAVE's price above 160 USDT with an 11.38% daily increase. A formal proposal detailing the mechanism will be submitted soon.
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According to Odaily Odaily, market data shows that AAVE has rebounded and broken through 160 USDT, currently trading at 164.63 USDT, with a 24-hour increase of 11.38%.
Previously, Aave founder Stani Kulechov posted on the official governance forum that, in light of recent community discussions, Aave Labs is committed to sharing revenue generated outside the protocol with token holders. This synergy is crucial for both Aave Labs and AAVE holders, and the official team will soon submit a formal proposal clarifying the specific operational mechanism.
Aave Labs will design a structure in its upcoming proposal to support this long-term vision while providing full protection for DAO and Aave token holders.