TL;DR
Full Story
AaveDAO is proposing ‘price switches’, which is beginning to appear to be a pattern within the DAO house.
It is just like the crypto model of firms giving out Christmas bonuses.
Which sounds bizarre, so lettuce clarify:
AaveDAO is a community-driven DAO (aka group owned group) that loans out cash for folks to buy cryptocurrency. What’s loopy right here is that AaveDAO has web income of $60M a yr as of now.
(That’s a strong enterprise!)
Which is the place Payment Switching is available in:
All DAO’s acquire charges in a method or one other.
Charges are used to pay for administrative duties, coding & growth, or for different ‘business-expenses.’ However when all prices are met, and income are rising – charges may be used to bolster the DAO’s longevity.
For Occasion: AaveDAO needs to reward its group for holding its token, which helps to stabilize worth and maintain its financial well being.
The upcoming proposal which (if voted by means of) would end in a piece of price income being re-distributed to those that maintain the $AAVE token.
(The identical method that, every Christmas, large firms take a piece of yearly income and distribute it to the staff who helped generate it).
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