TechFlow News, July 25 — According to The Block, an Aave proposal has been launched to transform fees by returning a portion of net excess revenue to its key users. Marc Zeller, founder of the Aave Chan Initiative, stated in a temperature check released on Thursday that the DAO is now ready to explore further maturation of the protocol. He aims to submit a clear path for governance consideration to redistribute the protocol's net excess revenue to key participants within the Aave ecosystem.
Zeller also mentioned on social media platform X that the proposal could lead to restaking within the Aave protocol, providing users with additional yield opportunities. Aave currently has over $12.5 billion in total value locked (TVL) and launched its V4 roadmap in May, enhancing support for the Aave GHO stablecoin along with other platform improvements.
Next, the Aave community will provide feedback on the proposal and may proceed with a snapshot vote to determine whether to implement this fee transformation mechanism. Following this news, AAVE surged past $95, currently trading at $95.823.
