Aave Chan founder Marc Zeller teases upcoming ‘fee switch’ vote for Aave stakers

Decentralized credit platform Aaf AAVE

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could soon vote on whether to enable a fee switch and distribute fees to holders, according to a post on X from Marc Zeller, founder of the Aave Chan Initiative.

“Temporary check to activate ‘fee switch’ next week,” said Zeller, after noting that Aave DAO’s current net profit is about $60 million per year, which reflects five years of operating costs.

Zeller had previously teased the idea of ​​activating compensation for Aave stakers in another post on wrote on March 16.

Aave DAO recently approved changes to the stake fees for its stablecoin GHO in an effort to stabilize the token’s peg.

If Aave DAO chooses to activate fees, they would be following in the footsteps of the decentralized stablecoin protocol Frax FRAX

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Finance, which recently voted in favor of a proposal to reintroduce its own rate change. Meanwhile decentralized exchange Uniswap UNI

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is in the final stages of preparing its own tariff change proposal, is expected to take place in mid-April after a successful temperature check.