Community members of Aave, the largest lending platform in decentralized finance by total-value locked, made a proposal to change the protocol token’s economic model, aka “Aavenomics.” Aave founder Stani Kulechov said on X the proposed tokenomics are “fee switch on steroids.” Aave Chan founder Marc Zeller called it “the most important proposal in our history. ” Aave Chan is a delegate platform aimed at governance participation and creating Aave Improvement Proposals (AIP) for the Aave DAO. The AAVE token is up 13.4% on the day in the wake of the proposal. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io