AAve never stops !  Few days after the release of Credit Delegation (CD) they are launching something new ! and this is amazing 

A lot of Defi protocols are now trying to become fully decentralized and give governance power to their users.

Aave is now going in the same direction and just introduced Aavenomics: A Genesis Governance towards full decentralisation.

There is several informations here! 

AAVENOMICS

A New token

The proposal for the $LEND token migration to the AAVE token : 100 LEND = 1 AAVE 1.3B LEND => 13M AAVE + 3M AAVE for incentives

• LEND will migrate to AAVE, via a Genesis Governance vote, at a rate of 100 LEND per 1 AAVE.

• The total supply of AAVE will be 16M tokens.

• 13M AAVE tokens will be redeemed by LEND token holders.

• 3M AAVE tokens will be allocated to the Aave Ecosystem Reserve.

Incentives 

Stakers secure the protocol in exchange for safety incentives. Users will be able to lock in the SM both AAVE and AAVE/ETH. The latter will provide under-the-hood liquidity to an 80/20 Balancer pool

The Ecosystem Reserve distributes incentives to Aave users: - Suppliers and borrowers will receive AAVE rewards - AAVE holders will vote on incentives

• Aave will introduce safety and ecosystem incentives to reward protocol growth.

Aave Governance Architecture:

• Aavenomics introduces Aave Improvement Proposals (AIPs) for future protocol upgrades.

• Governance defines a set of Policies by which the Aave Protocol and Money Markets abide by.

AAVE holders will control the Aave Protocol

Protocol and Money Market Policies define the rules of the Protocol

AAVE holders will able to vote on Policies

Protocol changes can be requested via Aave Improvement Proposals (AIP)

The next steps are in LEND & AAVE holders’ hands

Aave Improvement Proposals will suggest Aavenomics parameters Holders will choose the final Aavenomics model This community is an integral part of the Aave Fam.

  You can find discussion about Gouvernance here