Aave founders propose establishing a deposit treasury to cover the shortfall with earnings and stabilize market confidence

ChainCatcher message, Aave ecosystem contributor organization Aave Chan Initiative (ACI) founder Marc Zeller posted that instead of launching donations, it’s better to adopt the following plan:

Create a deposit vault (Vault) named “DeFi United ETH”; transfer Aave’s wETH income into this vault, with an annual yield cap set at 5%; tokenize the vault deposit receipt tokens and make them tradable, named “AaveETH”; gradually repay the shortfall through interest and principal.

He suggests allowing users to deposit funds and setting the vault capacity to the scale of the worst-case shortfall. Zeller stated that if this plan had been adopted at the time, enough funds could have been raised as early as last Saturday. He believes Aave itself has sufficient income, and both Aave DAO and Labs each hold hundreds of millions of dollars in reserve, ultimately capable of resolving the issue and avoiding market panic. He added that he would also deposit most of his ETH into this vault.

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