AAVE Outshines Competitors with The Founder's New Proposal and Efficiency Boost

AAVE, the native token of the Aave protocol, has risen to the top five gainers among the top 100 cryptocurrencies

AAVE, the native token of the Aave protocol, has had a remarkable run,跻身十大加密货币的涨幅前五名, owing to the latest proposals put forth by its founder. At press time, AAVE is trading at $101.68, up 15.25% over the last 24 hours after a 10-day correction. Currently, whales own 62.18% of all circulating tokens.

These impressive gains have outpaced those of competitors like Maker (MKR), Compound (COMP), and Yearn Finance (YFI). AAVE Labs founder Marc Zeller has put forth a new proposal that has garnered further attention. Marc's proposal is designed to introduce a “fee switch” and “buy back tokens” from the open market.

With Umbrella, it replaces the “seize and sell” mentality, which is detrimental to peg, value, and efficiency, with a “seize and burn” doctrine centered around GHO and aTokens.

The AAVE Liquidity Committee is taking the reins on AAVE’s secondary liquidity, leveraging its experience with GHO, as StkBPT is being deprecated. The aim is to automate the process as much as possible, promising a substantial boost in efficiency.

Moreover, this proposal enables the Aave protocol to be “restaked,” allowing third-party protocols and networks to leverage Aave's risk management expertise and deep liquidity to enhance user safety.

Previously, CNF reported on Aave Labs rolling out its V3 to V4 protocol upgrade, aiming to enhance the native stablecoin and prioritizing cross-chain liquidity design in their 2030 vision.

Meanwhile, analyst Poseidon remains bullish on the token's performance, as we highlighted earlier. According to the analyst, the token's recent bullish momentum could drive it to $500.