TL;DR
Full Story
AaveDAO is proposing ‘charge switches’, which is beginning to seem like a development within the DAO house.
It is just like the crypto model of corporations 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 internet earnings of $60M a yr as of now.
(That’s a stable enterprise!)
Which is the place Payment Switching is available in:
All DAO’s accumulate charges in a technique or one other.
Charges are used to pay for administrative duties, coding & improvement, or for different ‘business-expenses.’ However when all prices are met, and earnings are rising – charges is also used to bolster the DAO’s longevity.
For Occasion: AaveDAO needs to reward its group for holding its token, which helps to stabilize value and maintain its financial well being.
The upcoming proposal which (if voted via) would end in a bit of charge income being re-distributed to those that maintain the $AAVE token.
(The identical means that, every Christmas, large corporations take a bit of yearly income and distribute it to the staff who helped generate it).