- Implementation of decentralized governance is now on the Ethereum mainnet
- The first Aave Improvement Proposal (AIP) allows users to vote on an upgrade called Aavenomics
- Aavenomics is a token migration process that converts LEND tokens into AAVE tokens on a 100:1 ratio
- There will be a total supply of 16 million AAVE, with 3 million reserved for the Aave Ecosystem Reserve
- The protocol also features a Safety Module where staked AAVE acts as collateral; users receive AAVE as a reward for doing so
Aave Hands Governance Over to Users, With Tokenomics Upgrade as First Proposal
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