Aave, a decentralized finance (DeFi) lending protocol, is contemplating activating a “fee switch” to incentivize participation and investment within its ecosystem
The fee switch will allow governance to control and adjust fee-related policies based on the platform's needs and objectives.
Aave may soon vote on a 'fee switch' to distribute DAO profits to token holders, as announced by Marc Zeller.
Marc Zeller, the founder of the Aave Chan Initiative, has expressed a possible vote for the activation of a ‘fee switch' on the Aave DeFi (Decentralized Finance) platform. Zeller's post on X pointed to some beliefs that it may affect how the DAO of Aave utilizes its annual net profits of about $60 million to
Decentralized protocols Aave, Frax Finance, and Uniswap are all in some stage of the process to turn on additional fees meant to benefit holders.
Cryptocurrency Prices Fall Amid Economic Concerns
Bitcoin and crypto markets were covered in CoinDesk's newsletter, highlighting the recent price movements on April 29, 2024. Ethereum has outperformed
Coinbase Launches Bitcoin Lightning Network Support For 100 Million Users.
Coinbase integrates Bitcoin's Lightning Network for faster, cheaper transactions, benefiting its 100M+ users in a partnership with Lightspark.
Legal Battle Over Terraform SEC Penalty: Proposed $1M Vs SEC's $5.3B
The US SEC is seeking a $5.3 billion penalty from Terraform Labs and Do Kwon for misleading investors. Terraform's legal team argues for a lower fine,
Bitcoin Halving Winners Revealed: Market Trends And Analyst Forecasts Summarized
After Bitcoin's halving, experts predict potential gains in stocks and Bitcoin. Various analysts suggest ongoing redistribution before a potential res
Bitcoin ETFs Gaining Traction Globally, Market Anticipation Rises
Hong Kong launches Bitcoin ETFs with low fees and unique in-kind feature, while global markets embrace momentum with several countries introducing bit