Aave Chan founder proposes creating a deposit treasury to repay Aave shortfall using yields

Odaily reported that Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), proposed establishing a deposit treasury named "Defi United Eth" instead of launching a donation drive. The proposal would route Aave’s wETH revenue into this treasury, cap the yield at 5% APR, issue a tradable deposit token called "AaveETH," and gradually repay both interest and principal. He stated that users could deposit ETH into the treasury, with the treasury capacity capped at the total shortfall under the worst-case scenario. In his assessment, sufficient funds could have been raised as early as last Saturday. Marc Zeller also noted that Aave has ample revenue, with both Aave DAO and Labs holding nine-figure treasury funds.