隨著協議推進其回購計劃，AAVE（AAVE）價格上漲

艾夫（Aave）是分散融資的第二大協議

Aave, the second-largest protocol in decentralised finance, jumped this week after a prominent contributor advanced a proposed buyback program directing a portion of the protocol’s revenue to certain investors.

艾夫（Aave）是權力下放財務的第二大協議，本週在著名貢獻者提出了一個提議的回購計劃後，將協議收入的一部分推向了某些投資者。

Should the proposal succeed, a new finance committee would be charged with buying $1 million in Aave tokens each week for a six-month period.

如果提案成功，新的財政委員會將被控每週在六個月內購買100萬美元的ave代幣。

Those tokens would be used to reward users who lock up, or stake, their Aave tokens.

這些令牌將用於獎勵鎖定或賭注的用戶的隔離令牌。

‘Aavenomics’

'aavenomics'

Aave’s token has gained 20% since Aave Chan Initiative on Tuesday advanced the buyback program — part of a major update dubbed “Aavenomics.”

自Aave Chan倡議週二提出了回購計劃以來，Aave的代幣已上漲了20％，這是“ Aavenomics”一項重大更新的一部分。

Aave Chan Initiative is a major delegate in Aave DAO, the digital cooperative that controls the Aave lending protocol.

Aave Chan Initiative是Aave Dao的主要代表，Aave Dao是控制AAVE貸款協議的數字合作社。

After soliciting feedback, the proposal can be posted on the blockchain for a final vote.

在徵求反饋之後，該提案可以發佈在區塊鏈上進行最終投票。

The proposal comes amid a broader effort to push established DeFi protocols to share revenue with tokenholders, bringing so-called governance tokens closer to the company shares to which they’ve long been compared.

該提案是在更廣泛的努力中提出的，以推動已建立的DEFI協議與代幣持有人共享收入，從而使所謂的治理令牌更接近與他們長期以來比較的公司股票。

Last year, Uniswap’s UNI token jumped 20% after an affiliated foundation said it would let Uniswap DAO members vote on a so-called fee switch that would direct some of the protocol’s revenue to tokenholders who participate in protocol governance.

去年，UNISWAP的UNI代幣躍升了20％，此前一個附屬基金會表示，它將讓UNISWAP DAO成員對所謂的費用轉換進行投票，該轉換將把一些協議的一些收入指導給參與協議治理的代幣持有人。

‘It’s only there as a liquidity sink.'

“只有作為流動性水槽。”

Longtime fee switch proponents hailed the development. But the vote never came to pass.

長期費用轉換支持者讚揚了這一發展。但是投票從未實現。

The foundation indefinitely delayed the vote, saying “a stakeholder raised a new issue relating to this work that requires additional diligence on our part to fully vet.”

該基金會無限期地推遲了投票，說：“利益相關者提出了與這項工作有關的新問題，這需要我們對我們的全面審查進行額外的努力。”

CoW Swap, a decentralised exchange on Ethereum, turned on its fee switch in January 2024.

牛交換是以太坊上的分散交換，於2024年1月開啟了費用轉換。

Aave founder Stani Kulechov called Aavenomics a “Fee Switch on steroids” in a post on X.

AAVE創始人Stani Kulechov在X上的帖子中稱Aavenomics稱為“類固醇費用”。

Incredible run

令人難以置信的奔跑

Aave has been on an incredible run over the past year.

在過去的一年中，艾夫（Aave）一直在令人難以置信的奔跑。

Since the beginning of 2024, the total value of crypto locked in the lending protocol has tripled to $18 billion. In crypto terms, its rise has been even more impressive: Ether deposited in Aave rose 188% in that span.

自2024年初以來，鎖定貸款協議中加密貨幣的總價值已增加了兩倍，達到180億美元。用加密貨幣來說，它的上升更加令人印象深刻：在此範圍內，以太存放在AAVE中的188％上升了188％。

It has also been among the most profitable crypto businesses, generating almost $500 million in fees over the past year, according to DefiLlama data.

根據Defillama數據，它也是最有利可圖的加密貨幣業務之一，在過去一年中產生了近5億美元的費用。

As of thursday, the Aave DAO held $244 million in crypto, half of that in the Aave token, according to TokenLogic.

據Tokenlogic稱，截至週四，Aave Dao在加密貨幣中持有2.44億美元的加密貨幣，其中一半是在Aave代幣中。

Aave Chan Initiative first proposed the Aavenomics update in July 2024. It passed a preliminary vote with nearly unanimous approval.

Aave Chan倡議首先提出了2024年7月的Aavenomics更新。它通過了幾乎一致的批准，通過了初步投票。

Having hit several milestones in the months since, Aave is ready to more seriously pursue the update, according to Aave Chan Initiative founder Marc Zeller.

根據Aave Chan Initiative創始人Marc Zeller的說法，此後幾個月以來，艾夫（Aave）就已經達到了幾個月的里程碑。

“High revenue and high cash reserves put Aave in a comfortable position to initiate the Aavenomics update,” he wrote in the Aave governance forum.

他在AAVE治理論壇上寫道：“高收入和高現金儲備使AAVE處於舒適的位置，以啟動適應性更新。”

“Current market conditions allow Aave to become even more competitive and gain market share.”

“當前的市場狀況使AAVE變得更加競爭力並獲得市場份額。”

Aavenomics

Aavenomics

A revamp of Aave’s insurance model is perhaps the biggest change in the Aavenomics proposal, according to pseudonymous Aave DAO delegate EzR3aL, the cooperative’s largest.

合作社最大的AAVE AAVE DAO代表EZR3AL的說法，AAVE保險模型的改建可能是Aavenomics提案的最大變化。

In short, rather than using Aave’s eponymous token to cover any bad debt, the protocol will use a combination of assets, including stablecoins from Tether and Circle.

簡而言之，該協議不是使用AAVE的同名代幣來掩蓋任何壞賬，而是使用資產組合，包括Tether和Circle的穩定幣。

Rather than staking, or locking up, their Aave tokens, users who want to contribute to Aave’s insurance fund can stake a version of Ether; an Aave-issued stablecoin, GHO; or those issued by Tether and Circle. In return, stakers will earn yield on staked tokens.

想要為AAVE的保險基金貢獻的用戶而不是堆放或鎖定，而是可以存儲Ether版本； GHO的AAVE簽發的穩定幣；或繫繩和圓圈發行的。作為回報，Stakers將在藏匿的令牌上賺取收益率。

This will make Aave more efficient, according to Zeller. That will leave the DAO more money with which to buy back Aave tokens on secondary markets.

根據Zeller的說法，這將使助手更有效。這將為DAO提供更多的錢，可以回購二級市場的Aave代幣。

Worthwhile effort

值得的努力

Purchased Aave tokens will be used to reward Aave stakers, according to Zeller’s proposal.

根據Zeller的提議，購買的AAVE代幣將用於獎勵Aave Stakers。

EzR3aL said it’s a worthwhile effort, even if Aave staking is no longer used to protect the protocol from bad debt.

EZR3AL表示，即使不再使用Aave Staking來保護該協議免受壞賬的影響，這是值得的努力。

“It’s only there as a liquidity sink,” they said of Aave staking should the cooperative approve the update. “Maybe there will be other ways to put it to use.”

他們說：“只有作為流動性下沉。”如果合作社批准更新，他們說。 “也許還有其他方法可以使用它。”

That’s because Aave stakers are some of the protocol’s most loyal users, EzR3aL said.

Ezr3al說，這是因為Aave Stakers是該協議最忠實的用戶中的一些。

After six months, a subsequent vote can increase the rate of Aave’s buyback program, according to Zeller.

Zeller表示，六個月後，隨後的投票可以提高AAVE的回購計劃的比率。

A new Aave Finance Committee “will size these buybacks according to the protocol’s overall budget, with the objective to eventually match—and even surpass—all protocol A

一個新的AAVE財務委員會“將根據協議的整體預算來縮小這些回購，目的最終匹配甚至超過所有協議