Aave Chan, the founder, proposes establishing a deposit treasury: using the revenue to cover Aave's shortfall, to prevent market panic

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BlockBeats News, April 24 — Marc Zeller, founder of the Aave ecosystem contribution organization Aave Chan Initiative (ACI), stated that instead of launching a donation campaign, the following plan should be adopted:

Create a deposit vault (Vault) named “DeFi United ETH”; transfer Aave’s wETH income into this vault, with an annual yield cap set at 5%; tokenize the vault deposit certificates for trading, named “AaveETH”; gradually repay the shortfall through interest and principal.

He suggests allowing users to deposit funds and setting the vault capacity to the worst-case shortfall size. Zeller said that if this plan had been adopted at the time, enough funds could have been raised as early as last Saturday. He believes that Aave itself has sufficient income, and both Aave DAO and Labs each hold hundreds of millions of dollars in reserve, which can ultimately resolve the issue and prevent market panic. He added that he would also deposit most of his ETH into this vault.

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