According to Foresight News, Marc Zeller, the founder of the Aave Chan Initiative, has announced that Aave may vote on whether to activate a 'fee switch' and distribute fees to Aave stakers. The current net profit of Aave DAO is approximately $60 million per year, which can cover five years of operating costs. Zeller also stated that a 'temperature check' vote to activate the 'fee switch' will take place next week.
In previous news from Foresight News, the Aave Chan Initiative (ACI) proposed an ARFC in the Aave community to 'update DAI risk parameters'. The proposal aims to update the risk parameters of the DAI stablecoin by setting all Aave deployments' LTV to 0% and removing the sDAI booster from the Merit program. This will be effective for the second round of Merit and subsequent rounds.