The Aave Chan Initiative officially ends operations, and founder Marc Zeller teases a new project
By: www.chaincatcher.com|2026/07/01 15:42:09
0
Share
Prefer us on Google
According to Marc Zeller, founder of the Aave Chan Initiative (ACI), the Aave DAO commissioned service provider ACI has officially ceased operations today, marking the end of this community-led governance platform after more than three years of operation.
Reflecting on this, Marc Zeller noted that ACI was established during a low point for DeFi, with Aave's TVL shrinking to a quarter of its peak, and the protocol losing about $35 million annually. During its tenure, ACI helped Aave turn around its operational status to an annual revenue of $150 million, drove the AAVE price up by 9 times, and established a mature DAO governance and service network.
Marc stated that the end of ACI is not the end of the journey, and new project plans will be announced soon.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Can x402 Micro-Payments Save the Content Internet from Being Squeezed?
Cursor Launches Code Hosting Platform Origin, Shopify CEO Open Sources Underlying Architecture
Can Bitcoin Redefine Ownership?
The Standard Reserve's On-Chain Currency Experiment: What New Tricks Are They Playing?
The Difference Between Trading Bitcoin and Forex - The Fintech World
What is the difference between trading Bitcoin and forex
Bank of Russia eases qualified investor rules ahead of crypto rollout
Exchange for New Crypto Listings: Where Coins Appear Faster, How Much It Costs to Enter, and How to Read Risk Labels
If you need an exchange for new crypto listings, the main task is not just to find the fastest platform, but to understand where early access combines with clear fees, public risk rules, and a real opportunity to exit a position. For active traders outside the US and the UK, MEXC stands out the most...
WasabiCard Launches Real-Time Cross-Border Payment Service for 30 Fiat Currencies
Chinese-made Model 3 and Y: Tesla's FSD Expansion Faces Caution from Ministry of Land, Infrastructure and Transport
Tesla's ($TSLA) Full Self Driving (FSD) expansion in South Korea is struggling to gain momentum in the face of Chinese-made vehicles. While some American-made vehicles are already utilizing the feature, the application of the Shanghai-produced Model 3 and Model Y is still subject to regulatory judgm...
Scott Bessent to the Rescue of the Bond Market: Will He Succeed or Be Overpowered?
After the failure of the agreement with Iran and the rise in oil prices, the Treasury Secretary rushes to contain the nervousness of long bonds with debt buybacks.
Three Attacks in Four Days: As the Market Rises, Hackers Get Busier
An antibody against RANKL prolongs life in mice with progeria
A preclinical study found that blocking RANKL not only restored bone mass but also improved strength, reduced muscle fibrosis, and prolonged the life of mice with Hutchinson-Gilford syndrome. The results are promising, although they still need to be verified in normal aging models and do not constit...
The US approved high-leverage Bitcoin trading while crypto founders remain legally blocked from raising funds
Bitcoin perpetual futures are now live on regulated US exchanges, while the SEC’s proposed crypto fundraising rules remain months from a final vote.
Unstable Pix in 7 Banks: What Failures Reveal About the System
What to Watch for at Next Week's Jackson Hole Conference?
Waller will deliver his keynote speech at Jackson Hole at 10 AM Eastern Time on August 28, but it remains undecided whether he will focus on the macroeconomic "big picture" or directly provide guidance for the policy path from September to December. This uncertainty means that the market's sensitivi...
Coldcard now requires 65 key presses after seed exploit, while exposed funds still must move
Firmware 5.6.1 and 1.5.1Q harden new wallet creation but cannot repair a seed made on an affected release.
Cryptocurrency Transfer Tax Effective from July 1
The tax on cryptocurrency and digital asset transfers is being collected under new rules starting July 1. These rules pertain to the transfer of such assets through service providers: income from the transaction is classified as other income for individuals and is subject to income tax at a rate of ...
Controversy Over Shibarium Abandonment Leads to K9 Finance DAO's Decision to Halt Operations
The controversy surrounding the abandonment of Shibarium, a Layer 2 network in the Shiba Inu (SHIB) ecosystem, is intensifying due to the re-indexing of the explorer and the withdrawal of some ecosystem projects.
Georgia, Cryptocurrency and Sanctions: How a British Schoolboy Uncovered Russia's Shadow Network
Georgia has found itself at the center of a major cryptocurrency scandal: European authorities suspect registered platforms in the country of assisting Moscow in circumventing restrictions, and the investigation by 17-year-old Alexander Browder has unexpectedly become part of a larger story about sa...
Russians Ask What Is Happening with Ethereum: Interest in ETH Surges
Search queries about what is happening with Ethereum have noticeably increased in Russia, and a sharp rise in interest in ETH futures has been recorded on the Moscow Exchange's derivatives market. Market participants explain this in various ways: some talk about a return of attention to major crypto...
SEC proposes a path for crypto projects to raise $75 million and later end the token’s securities contract
The SEC’s Regulation Crypto Assets proposal could let projects raise up to $75M and later end the investment contract tied to their tokens.
MANTRA Chain resumes blocks after Cosmos-EVM fix
Treasury just put a deadline on offshore stablecoins’ access to US customers
Tether’s USDT could face new US exchange restrictions in 2028 as Treasury proposes GENIUS Act rules for foreign-issued stablecoins.
Tencent Chip Head Gao Jianlin Leaves to Start RISC-V AI CPU Venture
Utorg Launches iPhone App, Official Channel Statements Diverge
Utorg has announced the launch of its consumer app for iPhone, named Utapp, but the service descriptions on its official site and terms of service are still inconsistent. The app is said to bundle self-custody wallets, cards, and gasless swap features, but the wording surrounding the actual offering...
How Big is Iran's Cryptocurrency Market Really? Tracing Billions of Dollars of Iranian Money on the Blockchain
Galaxy Research Director Envisions New Crypto Regulations Providing Legal Path for Token Issuance in the U.S.
EU Digital Identity Wallet Mandated for Member States by End of 2026
Discussions on the use of identity in blockchain are shifting from token issuance to cross-border credential verification and compliance automation. The key lies not in creating new identities but in ensuring interoperability.
Kyiv to Announce Tender for Restoration of Paton Bridge
CRD VI: Non-EU Banks Have 5 Months to Open a Branch
The CRD VI directive will require non-EU banks to have an authorized branch to serve European clients starting January 11, 2027, with a narrow exception.
Can x402 Micro-Payments Save the Content Internet from Being Squeezed?
Cursor Launches Code Hosting Platform Origin, Shopify CEO Open Sources Underlying Architecture
Can Bitcoin Redefine Ownership?
The Standard Reserve's On-Chain Currency Experiment: What New Tricks Are They Playing?
The Difference Between Trading Bitcoin and Forex - The Fintech World
What is the difference between trading Bitcoin and forex
Bank of Russia eases qualified investor rules ahead of crypto rollout
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
