Aave community releases new proposal seeking to update AAVE token economics, protocol excess revenue redistribution, etc

BlockBeats News: On March 4th, Aave DAO service provider Marc Zeller released a governance proposal seeking governance approval to implement the first part of the updated Aavenomics, including updating AAVE token economics, redistributing excess revenue from protocols, phasing out LEND tokens, and updating AAVE secondary liquidity protocol management. This proposal is a natural continuation of the [TEMPCHECK] Aavenomics update proposed in July 2024 and received governance approval in August 2024. This proposal focuses on implementing Aavenomics, which is more concise than [TEMPCHECK] to enhance readability. Aavenomics' updated [TEMPCHECK] was approved approximately six months ago. The proposal suggests using Umbrella as a protection mechanism for Aave users, while redistributing some of Aave DAO's excess revenue to Umbrella aToken stakers as a growth tool. We also recognize the strategic opportunity in the L2 ecosystem to allocate the revenue from existing networks towards L2, which is most strategically significant for Aave growth.