Aave即将加入Defi股息军

经过Sky，Uniswap，Ether.fi，Synthetix和Ethena之类的Defi协议，采用或提议的代币回购策略

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.

经过Sky，Uniswap，Ether.fi，Synthetix和Ethena之类的Defi协议，采用或提议的代币回购策略之后，分散的贷款领导人AAVE即将加入Defi股息部队。

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社区提出了一项新的重量级建议，以更新其代币经济模式，包括推出AAVE回购，重新分配过多的协议收入，终止贷款贷款迁移以及升级二级流动性管理。因此，Coingecko的数据提高了，表明AAVE在过去24小时内增长了21.3％。

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

AAVE计划启动股息模式，该提案仍处于征求意见的阶段

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.

在争取Defi流动性的战斗中，AAVE凭借其丰富的现金流量和创新能力牢固地确立了自己的领导者。

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提案还显示，在过去的两年中，AAVE的市场份额和收入一直在上升，包括供应超过2亿美元的GHO Stablecoins，以及Aave Dao的现金储备达到1.15亿美元。这种增长是由于AAVE在贷款协议领域的近乎垄断收入的占主导地位，以及其对创新的持续投资，例如最近升级到AAVE 3.3和即将到来的伞自我保护系统。更重要的是，AAVE预计由于SVR（波动性保护机制），其收入将在2025年的收入显着增长（可能超过1000万美元），这可以为实施适应组学提供财务支持。

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.

随着投资者越来越关注DEFI协议的价值捕获能力，许多DEFI项目已经开始转向股息或回购模型，以增强令牌的价值回报。 Aave的回购建议表明，包括强大的现金储备支持，多样化的收入结构，高质量的资产奖励以及有效的治理和执行效率。

The proposal proposes the following key measures:

该提案提出了以下关键措施：

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.

代币回购和分销：AAVE计划启动“买入和分发”计划，使用过多的协议收入在二级市场或通过做市商合作伙伴中回购AAVE代币并将其分发给生态系统储备。最初的计划是在6个月内以每周100万美元的规模实施，即回购2400万美元，然后根据协议的整体预算进行调整。该机制旨在减少循环供应，增加代币的价值，并为DAO的AAVE预算提供可持续的来源。

· 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.

·雨伞和亚足联机构：该提案指出，雨伞是AAVE使用者的保护机制和增长工具，并建议将Aave Dao超额收入的一部分重新分配给伞式乌托克·斯塔克斯。为了实施该计划，该提案建议组成由混乱实验室，Tokenlogic，Llamarisk和ACI组成的AAVE金融委员会（AFC），并设定了3/4的签名阈值。亚足联将负责管理收藏家合同资产，定义雨伞流动性目标，并通过Tokenlogic的每月财务管理AIP执行预算分配。

· 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.

·协议收入重新分配：该提案提议为反GHO创建ERC20令牌，以增强AAVE生态系统Stakers的奖励，该公司由AAVE和STKBPT Stakers产生。最初一代的反GHO设定为GHO收入的50％，其中80％分配给Stkaave持有人，20％分配给STKBPT持有人。以当前的GHO贷款利率和供应，AAVE每年向GHO Stakers分配1200万美元的协议收入。

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.

贷款迁移的结束：经过将近五年的贷款迁移合同，AAVE将关闭此渠道，并收回剩余的32万AAVE（约6500万美元），并将其注入生态系统储备中，以提供更多的增长和安全资金。

· 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.

·次级流动性管理优化：AAVE DAO目前每年从生态系统储备（基于当前的AAVE评估）分配大约2700万美元用于二级流动性激励措施。该提案提出了一种混合模型，该模型将Stkbpt Staking与AAVE流动性委员会（ALC）的直接管理结合起来，以较低的成本实现更大的流动性。

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，该提议仍处于征求意见的阶段。如果达成共识，该提案将升级到快照阶段。如果通过，AAVE将授权建立AFC，并通过AIP逐渐实施。

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

Defi可能欢迎有利政策，白宫支持撤离“ 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.

随着AAVE提议的发布，由于有利的政策，Defi行业可能会引入喘息和增长的窗口。

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

根据白宫管理与预算办公室发表的高管政策声明（OMB）