💥💥💥Aave may undergo the biggest update in its history. 

The Aave Chan Initiative (ACI) proposed a historic update to Aave's governance, marking the first phase of the new "Aavenomics". The changes include a new economic structure for the AAVE token, redistribution of excess revenue, and the discontinuation of LEND. Marc Zeller, founder of ACI, emphasized the importance of the proposal: “After five years of work, we are proud to present this update to the Aave DAO.” The market reacted positively, and the AAVE token rose 8% upon the announcement of the proposal. (TheBlock) $AAVE