Aave DAO To Follow Frax Finance & Uniswap in Improving Stakers’ Rewards

• Aave Chan Initiative founder Marc Zeller announces the potential vote for fee switch activation and distribution on Aave.
• Zeller hints at its possible impact on the platform’s use of its annual net profits.
• The platform’s move aligns with Frax Finance and Uniswap DeFi’s recent proposals to improve fee distribution schemes.

Aave Chan Initiative founder Marc Zeller announced a potential vote to activate a ‘fee switch’ on the decentralized language platform Aave. In an X post, he declared that the vote to check whether to turn on the fee switch and distribute fees to holders will possibly happen in the next week.

The Aave treasury "Cash" (Eth & Stables) is now at 50m$. (2.5 years of operational costs)

Net DAO profits are currently at $50m/year and growing.

Temp check to activate "fee switch" next week.

You can track the treasury balances with @zapper_fi https://t.co/HNRTcA5jCf

— Marc “Chainsaw” Zeller (@lemiscate) April 6, 2024

According to Zeller’s post, the net DAO profit is currently at $50 million per year, and it keeps on growing. The post hinted at the new move’s possible impact on the Aave DAO’s use of its annual net profits. Howeve…

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