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DeFi Lender Aave Weighs Changing Tokenomics to "Fee Switch on Steroids"

Community members of Aave, the largest lending platform in decentralized finance by total-value locked, made a proposal to change the protocol token’s economic model, aka “Aavenomics.” Aave founder Stani Kulechov said on X the proposed tokenomics are “fee switch on steroids.” Aave Chan founder Marc Zeller called it “the most important proposal in our history. ” Aave Chan is a delegate platform aimed at governance participation and creating Aave Improvement Proposals (AIP) for the Aave DAO. The AAVE token is up 13.4% on the day in the wake of the proposal. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinTurk News

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El Salvador Faces Key Compliance Reviews Amid Bitcoin Purchase Defiance and Potential Loan Risks

El Salvador faces critical compliance reviews from the IMF, as President Nayib Bukele defies new demands linked to a crucial $1.4 billion loan agreement. The International Monetary Fund (IMF) has CoinTurk News