Aave tokenholders mull foray into Bitcoin mining
Some tokenholders are expressing doubts about the proposal’s profitability for the DeFi lending protocol.
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Some tokenholders are expressing doubts about the proposal’s profitability for the DeFi lending protocol.
The DeFi protocol is proposing using 20% of revenues for monthly buybacks to boost benefits for stakers.
The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.
The lending platform also introduced Aave v4 in 2024, while its GHO stablecoin expanded to multiple blockchain networks.
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The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink’s new oracle service.
The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon’s proof-of-stake bridge.
The proposal to buy back tokens with protocol revenues is intended as a new value accrual mechanism for tokenholders.
Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.
