马克·泽勒（Marc Zeller）揭幕了Aave的标记改造提案，包括新的收入重新分配模型

Aave Chan Initiative（ACI）的创始人Marc Zeller于3月4日揭幕了AAVE的标记改造的提案，其中包括新的收入重新分配模型

Marc Zeller, the founder of Aave Chan Initiative (ACI), has unveiled a proposal for Aave's tokenomics revamp, which would include a new revenue redistribution model, an “Umbrella” safety system to protect against bank runs, and the creation of the “Aave Finance Committee” (AFC). The proposal is part of Aave's ongoing tokenomics overhaul and is subject to community approval.

Aave Chan Initiative（ACI）的创始人Marc Zeller揭幕了AAVE的Tokenomics改革的提案，其中包括一种新的收入重新分配模型，一种“保护伞”安全系统，以防止银行运行，以及创建“ AAVE财务委员会”（AFC）（AFC）。该提案是AAVE正在进行的令牌学大修的一部分，并得到社区认可。

On Saturday, Zeller, a prominent member of the Aave community, took to X, formerly Twitter, to highlight the significance of the proposal.

周六，AAVE社区的杰出成员Zeller登上了X（以前是Twitter），以强调该提案的重要性。

"The MOST IMPORTANT proposal in Aave's history has been put forth today. This proposal is the culmination of several months of work and discussion with many community members," he said.

他说：“今天已经提出了AAVE历史上最重要的建议。该提议是与许多社区成员进行数月的工作和讨论的高潮。”

The proposal aims to keep the previous distribution for GHO stakers, also called the “Merit” program, and adds a new token called Anti-GHO, which is a non-transferrable ERC-20 token. As the proposal notes, “Anti-GHO will be generated by all AAVE and StkBPT Stakers.”

该提案旨在保留GHO Stakers先前的发行版，也称为“功绩”计划，并添加了一个名为Anti-Gho的新令牌，这是不可转让的ERC-20代币。正如提案所指出的那样，“所有AAVE和Stkbpt Stakers都会产生反GHO。”

Zeller said that the current cash reserves in Aave's decentralized autonomous organization (DAO) should cover both the Merit program rewards and Anti-GHO generation.

Zeller说，目前的现金储备在AAVE的分散自治组织（DAO）中应涵盖绩效计划奖励和反GHO一代。

According to the proposal, the cash portion of the Aave DAO has increased by 115% since August 2024. As a lending protocol, Aave generates revenue from interest fees incurred from loans and liquidations.

根据该提案，自2024年8月以来，AAVE DAO的现金部分增长了115％。作为一项贷款协议，AAVE从贷款和清算产生的利息费中产生收入。

Umbrella, a new version of the Aave safety module, would be able to protect users from bad debt “up to billions,” according to the proposal. It would also create a commitment of liquidity that would remain in the protocol until “cooldown maturity.” In Zeller’s view, this will make bank runs “less harmful” and allow for the building of new products and revenue streams.

该提案称，雨伞是AAVE安全模块的新版本，将能够保护用户免受“最高数十亿美元”的坏账。这也将创造一种流动性的承诺，该承诺将保留在协议中，直到“冷却到期”。泽勒（Zeller）认为，这将使银行运行“危害较小”，并允许建立新产品和收入来源。

In addition, Zeller proposed a token buyback and redistribution plan. “While staying extremely conservative with Aave treasury funds, the ACI considers this proposal can mandate the AFC to start an AAVE buyback and distribute program immediately at the pace of $1M/week for the first 6 months of the mandate,” Zeller said.

此外，Zeller提出了代币的回购和再分配计划。 Zeller说：“在凭借AAVE国库基金保持极为保守的同时，ACI认为该提案可以要求AFC在授权的前6个月内立即以每周100万美元的价格开始AAVE回购和分发计划。”

The proposal would allow the AFC “to execute and/or work with market makers to buy AAVE tokens on secondary markets and distribute them to the ecosystem reserve.” TokenLogic, a financial services provider for the Aave DAO, would “size these buybacks according to the protocol's overall budget, with the objective to eventually match — and even surpass — all protocol AAVE spending.”

该提案将允许亚足联“执行和/或与做市商一起执行和/或合作在二级市场上购买AAVE代币并将其分发给生态系统储备。” AAVE DAO的金融服务提供商Tokenlogic将“根据协议的整体预算进行这些回购的规模，最终使所有协议AAVE支出都匹配甚至超过所有协议。”

DeFi lending protocols have $39.5 billion in total value locked (TVL), according to DeFi analytics platform DefiLlama. The data shows that TVL in DeFi lending protocols has decreased from $10.6 billion on Dec. 30, 2022.

根据DEFI Analytics Platform Defillama的数据，Defi Lendens协议的总价值锁定为395亿美元（TVL）。数据表明，DEFI贷款方案中的TVL已从2022年12月30日的106亿美元下降。

Aave, which runs on 14 blockchains, ranks No. 1 for TVL with $17.5 billion and has amassed $8.3 million in fees in the past seven days. In January 2025, the protocol hit $33.4 billion in net deposits, surpassing 2021 levels.

AAVE在14个区块链上运行，在过去七天中，TVL排名第1，并积累了830万美元的费用。 2025年1月，该协议的净存款达到了334亿美元，超过2021级。

JustLend ranks a distant No. 2 in TVL with $3.5 billion locked.

Justlend在TVL中排名第二，锁定为35亿美元。

DeFi has been on the rise for a couple of years, with various companies betting on this sector of crypto for the future. Uniswap unveiled its Ethereum layer-2, Unichain, which caters to DeFi users, while Kraken launched its own Ethereum L2 called Ink, which is seeking market share in the same sector.

Defi已经在增长了几年，各种公司都押注了该加密货币的未来。 UNISWAP推出了符合Defi用户的Ethereum 2层Unichain，而Kraken推出了自己的Ethereum L2，称为Ink，该L2在同一领域寻求市场份额。

Lending protocols serve a particular function, permitting loans in the form of crypto between different users in a peer-to-peer format. This allows borrowers to customize the terms of their loans, the loan amounts and even the interest rates.

贷款协议发挥特定功能，允许以对等格式的不同用户之间的加密形式贷款。这使借款人可以自定义其贷款条款，贷款金额甚至利率。

Various DeFi protocols are starting to engage with buybacks in order to increase investor confidence and allow stakeholders to share in revenue. In December 2024, Ether.fi pitched buybacks for ETHFI stakers, and in February 2025, it was revealed that Jupiter, a DeFi exchange on Solana, is projected to buy back $100 million in tokens annually, creating demand.

各种违规协议开始与回购互动，以提高投资者的信心并允许利益相关者分享收入。 2024年12月，Ether.fi为Ethfi Stakers提供了回购，并在2025年2月透露，索拉纳（Solana）的Defi Exchange jupiter预计将每年回购1亿美元的代币，从而产生需求。