📰 【Aave Chan Founder Proposes Establishing a Deposit Treasury: Using Revenue to Cover Aave's Gap and Prevent Market Panic】

BlockBeats reports that on April 24th, Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), stated that instead of launching donations, it would be better to take the following approach: establish a deposit treasury (Vault) named "DeFi United ETH"; transfer Aave's wETH income into this treasury, with an annualized yield cap set at 5%; tokenize the treasury deposit certificates for trading, named "AaveETH"; gradually repay the gap through interest and principal. He suggests allowing users to deposit funds and setting the treasury capacity to the worst-case gap size. Zeller...
Marc Zeller's move is quite clever, packaging Aave's hole as a financial product. But essentially, it's using future revenue to fill current gaps, which is fundamentally just patching the wall with another wall. $AAVE 's wETH income is already unstable, and the 5% annualized cap is just a figure made up on the spot. Tokenizing the treasury certificates sounds fancy, but isn't it just packaging bad debt into derivatives and selling them to retail investors? The innovation in DeFi is just putting on a different coat to continue playing the Ponzi game.

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