Aave Chan founder proposes establishing an ETH deposit treasury to cover worst-case shortfall
Source:
x.com
Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), proposed establishing a deposit vault named “DeFi United Eth” instead of launching a donation drive. Under this proposal, Aave’s wETH revenue would be channeled into the vault, with yields capped at 5% APR. Additionally, a tradable deposit token named “AaveETH” would be issued, and both interest and principal would be repaid gradually. Zeller noted that users could deposit ETH into the vault, and the vault’s capacity ceiling could be set to match the total shortfall under worst-case scenarios; in his assessment, more than sufficient funds could have been raised last Saturday. Zeller also stated that Aave generates ample revenue and that both the Aave DAO and Aave Labs hold nine-figure treasury balances.