Aave即將加入Defi股息軍

經過Sky，Uniswap，Ether.fi，Synthetix和Ethena之類的Defi協議，採用或提議的代幣回購策略

After DeFi protocols such as Sky, Uniswap, Ether.Fi, Synthetix and Ethena adopted or proposed token repurchase strategies, decentralized lending leader Aave is about to join the DeFi dividend army.

經過Sky，Uniswap，Ether.fi，Synthetix和Ethena之類的Defi協議，採用或提議的代幣回購策略之後，分散的貸款領導人AAVE即將加入Defi股息部隊。

On March 4, the Aave community proposed a new heavyweight proposal to update its token economic model, including launching AAVE buybacks, redistributing excess protocol revenue, terminating LEND token migration, and upgrading secondary liquidity management. Boosted by this, Coingecko data shows that AAVE has risen by 21.3% in the past 24 hours.

3月4日，AAVE社區提出了一項新的重量級建議，以更新其代幣經濟模式，包括推出AAVE回購，重新分配過多的協議收入，終止貸款貸款遷移以及升級二級流動性管理。因此，Coingecko的數據提高了，表明AAVE在過去24小時內增長了21.3％。

Aave plans to start a dividend model, and the proposal is still in the stage of soliciting opinions

AAVE計劃啟動股息模式，該提案仍處於徵求意見的階段

In the battle for DeFi liquidity, Aave has firmly established itself as the leader in the DeFi lending field with its abundant cash flow and innovative capabilities.

在爭取Defi流動性的戰鬥中，AAVE憑藉其豐富的現金流量和創新能力牢固地確立了自己的領導者。

Aave's new Aavenomics proposal also revealed that Aave's market share and revenue have been rising over the past two years, including the supply of GHO stablecoins exceeding $200 million and Aave DAO's cash reserves reaching $115 million. This growth is due to Aave's near-monopoly revenue dominance in the lending protocol field, as well as its continued investment in innovation, such as the recent upgrade to Aave 3.3 and the upcoming Umbrella self-protection system. More importantly, Aave expects its revenue in 2025 to grow significantly (possibly more than $10 million per year) due to SVR (volatility protection mechanism), which can provide financial support for the implementation of Aavenomics.

AAVE的新的Aavenomics提案還顯示，在過去的兩年中，AAVE的市場份額和收入一直在上升，包括供應超過2億美元的GHO Stablecoins，以及Aave Dao的現金儲備達到1.15億美元。這種增長是由於AAVE在貸款協議領域的近乎壟斷收入的占主導地位，以及其對創新的持續投資，例如最近升級到AAVE 3.3和即將到來的傘自我保護系統。更重要的是，AAVE預計由於SVR（波動性保護機制），其收入將在2025年的收入顯著增長（可能超過1000萬美元），這可以為實施適應組學提供財務支持。

As investors pay more and more attention to the value capture ability of DeFi protocols, many DeFi projects have begun to turn to dividend or repurchase models to enhance the value return of tokens. Aave's repurchase proposal has demonstrated multiple advantages, including strong cash reserve support, diversified income structure, high-quality asset rewards, and efficient governance and execution efficiency.

隨著投資者越來越關注DEFI協議的價值捕獲能力，許多DEFI項目已經開始轉向股息或回購模型，以增強令牌的價值回報。 Aave的回購建議表明，包括強大的現金儲備支持，多樣化的收入結構，高質量的資產獎勵以及有效的治理和執行效率。

The proposal proposes the following key measures:

該提案提出了以下關鍵措施：

Token Buyback and Distribution: Aave plans to launch a "Buy and Distribute" program, using excess protocol revenue to buy back AAVE tokens in the secondary market or through market maker partners and distribute them to the ecosystem reserve. The initial plan is to implement it at a scale of $1 million per week for 6 months, that is, $24 million for buybacks, and then adjust it according to the overall budget of the protocol. This mechanism is designed to reduce the circulating supply, increase the value of tokens, and provide a sustainable source for the DAO's AAVE budget.

代幣回購和分銷：AAVE計劃啟動“買入和分發”計劃，使用過多的協議收入在二級市場或通過做市商合作夥伴中回購AAVE代幣並將其分發給生態系統儲備。最初的計劃是在6個月內以每週100萬美元的規模實施，即回購2400萬美元，然後根據協議的整體預算進行調整。該機制旨在減少循環供應，增加代幣的價值，並為DAO的AAVE預算提供可持續的來源。

· Umbrella and AFC Establishment: The proposal points out that Umbrella is a protection mechanism and growth tool for Aave users, and proposes to redistribute part of the excess income of Aave DAO to Umbrella aToken stakers. To implement this plan, the proposal proposes to form the Aave Financial Committee (AFC), composed of Chaos Labs, TokenLogic, Llamarisk and ACI, and set a 3/4 signature threshold. AFC will be responsible for managing collector contract assets, defining Umbrella liquidity targets, and executing budget allocations through TokenLogic's monthly financial management AIP.

·雨傘和亞足聯機構：該提案指出，雨傘是AAVE使用者的保護機制和增長工具，並建議將Aave Dao超額收入的一部分重新分配給傘式烏托克·斯塔克斯。為了實施該計劃，該提案建議組成由混亂實驗室，Tokenlogic，Llamarisk和ACI組成的AAVE金融委員會（AFC），並設定了3/4的簽名閾值。亞足聯將負責管理收藏家合同資產，定義雨傘流動性目標，並通過Tokenlogic的每月財務管理AIP執行預算分配。

· Protocol Revenue Redistribution: The proposal proposes to create an ERC20 token to Anti-GHO to enhance the rewards for Aave ecosystem stakers, which is generated by AAVE and StkBPT stakers. The initial generation of Anti-GHO is set at 50% of GHO revenue, of which 80% is distributed to StkAAVE holders and 20% is distributed to StkBPT holders. At the current GHO lending rate and supply, Aave distributes $12 million in protocol revenue to GHO stakers each year.

·協議收入重新分配：該提案提議為反GHO創建ERC20令牌，以增強AAVE生態系統Stakers的獎勵，該公司由AAVE和STKBPT Stakers產生。最初一代的反GHO設定為GHO收入的50％，其中80％分配給Stkaave持有人，20％分配給STKBPT持有人。以當前的GHO貸款利率和供應，AAVE每年向GHO Stakers分配1200萬美元的協議收入。

End of LEND Migration: After nearly five years of running the LEND to AAVE migration contract, Aave will close this channel and reclaim the remaining 320,000 AAVE (about $65 million) and inject it into the ecosystem reserve to provide more funds for growth and security.

貸款遷移的結束：經過將近五年的貸款遷移合同，AAVE將關閉此渠道，並收回剩餘的32萬AAVE（約6500萬美元），並將其註入生態系統儲備中，以提供更多的增長和安全資金。

· Secondary Liquidity Management Optimization: Aave DAO currently allocates approximately $27 million per year from the ecosystem reserve (based on current AAVE valuation) for secondary liquidity incentives. The proposal suggests a hybrid model that combines StkBPT staking with direct management by the Aave Liquidity Committee (ALC) to achieve greater liquidity at a lower cost.

·次級流動性管理優化：AAVE DAO目前每年從生態系統儲備（基於當前的AAVE評估）分配大約2700萬美元用於二級流動性激勵措施。該提案提出了一種混合模型，該模型將Stkbpt Staking與AAVE流動性委員會（ALC）的直接管理結合起來，以較低的成本實現更大的流動性。

However, the proposal is still in the stage of soliciting opinions. If consensus is reached, the proposal will be upgraded to the Snapshot stage. If passed, Aave will authorize the establishment of AFC and gradually implement it through AIP.

但是，該提議仍處於徵求意見的階段。如果達成共識，該提案將升級到快照階段。如果通過，AAVE將授權建立AFC，並通過AIP逐漸實施。

DeFi may welcome favorable policies, the White House supports the withdrawal of the "DeFi broker rule"

Defi可能歡迎有利政策，白宮支持撤離“ Defi Broker Rule”

With the release of the Aave proposal, the DeFi industry may usher in a window of respite and growth due to favorable policies.

隨著AAVE提議的發布，由於有利的政策，Defi行業可能會引入喘息和增長的窗口。

According to the Executive Policy Statement issued by the White House Office of Management and Budget (OMB

根據白宮管理與預算辦公室發表的高管政策聲明（OMB）