尽管市场经历了类似于2月的另一个价格下跌，但贷款平台上的清算仍然相对较低

这种趋势强调了Defi Lending Dynamics的转变，在该动态中，用户优先考虑长期稳定性而不是积极的借贷策略。

Despite the market downturn and a price drop similar to February, liquidations on lending platforms have remained relatively low.

尽管市场低迷和类似于2月份的价格下跌，但贷款平台上的清算仍然相对较低。

According to IntoTheBock data, high-risk loans on Aave’s Mainnet have decreased by nearly $1 billion.

根据Intothebock数据，AAVE的主网上的高风险贷款减少了近10亿美元。

While some of these reductions stem from forced liquidations, a larger portion reflects the market’s cautious sentiment. Investors appear to be adopting a defensive approach, reducing leverage and engaging in minimal lending activity amid fears of further downside risks.

尽管其中一些减少源于强迫清算，但较大的部分反映了市场的谨慎情绪。由于担心进一步的下行风险，投资者似乎正在采用防御性方法，降低杠杆作用并从事最少的贷款活动。

The fact that liquidation levels remain relatively low, even with the recent price decline, suggests that market participants are exercising restraint and avoiding overexposure in an uncertain environment.

清算水平仍然相对较低的事实，即使最近的价格下跌，市场参与者正在行使克制，并避免在不确定的环境中过度暴露。

This trend highlights a shift in DeFi lending dynamics, where users are prioritizing long-term stability over aggressive borrowing strategies, especially considering the impact of February’s liquidations, which serves as a key reference point prompting large players to take preemptive measures.

这种趋势强调了Defi Lending Dynamics的转变，在这种情况下，用户优先考虑长期稳定性而不是积极的借贷策略，尤其是考虑到2月份清算的影响，这是一个关键参考点，促使大型玩家采取先发制人的措施。

The lowered risk levels indicate a more resilient lending market, which could help stabilize the ecosystem in the face of continued volatility.

降低的风险水平表明，面对持续波动的情况，这可能有助于稳定生态系统。

Aavenomics Proposal Targets Revenue and Liquidity Upgrades

Aavenomics提案的目标是收入和流动性升级

The Aave Chan Initiative (ACI) has introduced a new Aave Request for Comment (ARFC), marking the first phase of the Aavenomics update.

AAVE CHAN倡议（ACI）引入了新的AAVE请求评论请求（ARFC），标志着Aavenomics更新的第一阶段。

This proposal aims to enhance AAVE tokenomics, redistribute protocol excess revenue, and refine secondary liquidity management. Additionally, it seeks to officially deprecate LEND, the legacy token that was phased out in 2020.

该提案旨在增强AAVE令牌学，重新分配协议超额收入以及完善二级流动性管理。此外，它试图正式贬低贷款，这是2020年逐步淘汰的遗产令牌。

One of the proposal’s critical components is the introduction of an AFC. This committee would be responsible for overseeing treasury management and liquidity strategies.

该提案的关键组成部分之一是引入AFC。该委员会将负责监督国库管理和流动性策略。

Among its key initiatives is a six-month buyback program, allocating $1 million weekly to gradually strengthen its tokenomics. The buyback plan will be subject to future assessments, allowing adjustments based on the protocol’s financial standing.

其主要举措之一是一个六个月的回购计划，每周分配100万美元，以逐步加强其令牌学。回购计划将受到未来评估，并根据协议的财务状况进行调整。

It also proposes to modify liquidity incentives to reduce the network’s $27 million annual liquidity cost. That would be achieved by abandoning reliance on token emissions and introducing staking and active liquidity management.

它还建议修改流动性激励措施，以减少网络的年度流动性成本2700万美元。这将通过放弃对令牌排放的依赖并引入积分和积极的流动性管理来实现。

Additionally, a new Anti-GHO fee switch mechanism will replace the existing GHO discount system, redirecting a portion of stablecoin revenue to AAVE stakers.

此外，一种新的反GHO费用开关机制将取代现有的GHO折扣系统，将一部分Stablecoin收入重定向到Aave Stakers。

Its proposal introduces the Umbrella safety module for increased security and to protect users from bad debt. It also entails reclaiming 320,000 unclaimed tokens for the ecosystem reserve.

它的建议介绍了伞安全模块，以提高安全性并保护用户免受坏账。它还需要为生态系统储备收回320,000个无人认领的令牌。

The proposal will undergo community feedback, an off-chain Snapshot vote, and an on-chain governance vote prior to implementation.Related: NYSE Arca Submits Filing to List Bitwise Dogecoin ETF Shares

该提案将接受社区反馈，链链快照投票以及实施之前的链政治投票。