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Aave Proposal Would Reduce Some Lenders' Share of Interest by Up to 60%
(3 hours ago) · 1 source · Summarized by CryptoBipto
A governance proposal within the Aave decentralized lending protocol could cut the portion of interest income that some lenders receive by as much as 60%. The plan would redirect a larger share of protocol revenue away from certain depositors. The proposal is under discussion within Aave's governance process.
WHY IT MATTERS
Aave works like a decentralized bank where people can deposit crypto to earn interest and others can borrow it.
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SOURCES
- cryptoslate.com
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