Aave Chan proposes Aave treasury buys $2 million CRV from Michael Egorov | Headlines | News | CoinMarketCap

08/03/2023 18:43
Aave Chan proposes Aave treasury buys $2 million CRV from Michael Egorov | Headlines | News | CoinMarketCap

Aave Chan Initiative proposed on the Aave governance forum that the DeFi project's treasury should purchase $2 million of curve tokens (CRV) from …

Aave Chan Initiative proposed on the Aave governance forum that the DeFi project's treasury should purchase $2 million of curve tokens (CRV) from Curve founder Michael Egorov.

The initiative is a delegate platform founded by Marc Zeller, the founder of blockchain consultancy firm Pandemic, which works with Aave Companies — the company that designed Aave. Zeller previously worked as integrations lead at Aave for three years and regularly contributes to the Aave governance system.

"A 2M USDT worth of CRV acquisition would send a strong signal of DeFi supporting DeFi, while allowing the Aave DAO to strategically position itself in the Curve wars, benefiting GHO [Aave's stablecoin] secondary liquidity," Zeller said.

The transaction would result in the acquisition of 5 million CRV, …

Read more --->