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Aave Introduces Two New Governance Proposals

Decentralized lending protocol Aave introduced two new governance proposals on Nov. 18, aimed at funding governance decisions and preparing for the transition into Aave V2.

  • Aave Improvement Proposals (AIPs) 2 and 3 have been officially submitted for voting
  • AIP 2 is focused on ending the burning of LEND tokens and instead use the fees collected to fund a governance treasury
  • Aave underwent a tokenomics upgrade in 2020, converting LEND tokens to AAVE on a 100:1 basis
  • AIP 3 suggests some upgrades to Aave V1 to make for a smoother migration to Aave V2, which would include a flash loan powered migration tool
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