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Stani^
币圈小白
12-14 09:15
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I'd like to clarify some recent misunderstandings regarding the $AAVE token in my personal capacity. Some have claimed that the recent DAO discussions mean the $AAVE token is no longer relevant. This is completely false. The $AAVE token is used to govern the Aave protocol, which is the source of the *vast majority* of its revenue. The protocol has generated nearly $150 million in revenue over the past year through fees from lending, liquidation, and flash loans. This revenue is controlled by $AAVE holders through governance mechanisms and used for purposes such as token buybacks. No service provider or agent, including Aave Labs, can arbitrarily change these *protocol-level* parameters. This requires a governance vote. This applies to both V3 and V4.
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AAVE
-5.09%
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