Marc Zeller, the founder of the Aave Chan Initiative (ACI), unveiled a proposal for a revalcy of Aave Tokenomics on March 4, which would include a new model of income redistribution, a “umbrella” security system to protect against bank races and the creation of the “Aave finance committee” (AFC).
The proposal is part of the tokenomic overhaul of Aave and is subject to the approval of the community. On X, Zeller called the proposal “the most important proposal” in Aave’s story.
The new model of income redistribution is to keep the previous distribution for GHO stakes, also called “Merit” program, and adds a new token called anti-GHO, which is an non-transferable ERC-20 token.
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Source: Marc “Billy” Zeller
As the proposal notes, “Anti-Gho will be generated by all the Stakers Aave and Stkbpt”, with Zeller saying that the current cash reserves of the Decentralized Autonomous Organization of Aave (DAO) should cover both the rewards of the Merit Program and the anti-GHO generation.
According to the proposal, the AAVE DAO cash portion has increased by 115% since August 2024. As a loan protocol, Aave generates income for cost of interest and liquidations.
Umbrella safety system, buy back tokens also proposed
According to the proposal, Umbrella, a new version of the Aave security module, is able to protect users from poor debt “up to billions”. This would also create a liquidity commitment that would remain in the protocol until the “maturity of the recharge time”. In the opinion of Zeller, this will make the benches “less harmful” and will allow the construction of new products and sources of income.
In addition, Zeller proposed a redemption and redistribution plan of token. “While remaining extremely conservative with the Aave Treasury funds, the ACI considers that this proposal may require AFC to start a buyout program and immediately distribute to the rhythm of $ 1 million / week for the first 6 months of the mandate,” said Zeller.
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The proposal would allow AFC “to execute and / or work with market manufacturers to buy AAVE tokens on the secondary markets and distribute them to the ecosystem reserve”. Tokenlogic, a supplier of financial services for the Aave DAO, “would size these buyouts according to the overall budget of the protocol, in order to correspond possibly – and even exceed – all the expenses of the protocol.”
Increase
According to Defillama, decentralized financial loan protocols (DEFI) have 39.5 billion dollars of total locked value (TVL), compared to $ 10.6 billion on December 30, 2022. Aave, which extends over 14 blockchains, ranks n ° 1 for TVL with $ 17.5 billion and has amassed $ 8.3 million last seven days. In January 2025, the protocol reached $ 33.4 billion in net deposits, exceeding the 2021 levels.
Justlend classified a distant n ° 2 in TVL with 3.5 billion dollars locked.
Located the total value on loan protocols DEFI over time. Source: Defillama
Defi has been increasing for a few years, various companies betting in this crypto sector for the future. Uniswap has unveiled Son Ethereum Layer-2, Unichain, which is aimed at User DEFI, while Kraken launched its own Ethereum L2 called Ink, which is looking for a market share in the same sector.
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Loan protocols serve a special function, allowing loans in the form of crypto between different users in a peer format. This allows borrowers to personalize the terms of their loans, loan amounts and even interest rates.
Various DEFI protocols are starting to engage with redemptions in order to increase the confidence of investors and allow stakeholders to share income. In December 2024, Ether.fi launched buybacks for Ethfi Stakers, and in February 2025, it was revealed that Jupiter, an exchange of Solana, was to buy $ 100 million in chips per year, creating a request.
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