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The new Aave proposal also includes the deprecation of the LEND token, initially introduced as Ave’s original governance token.

The latest proposal introduced by the Aave DAO introduces significant changes affecting token holders and liquidity providers.

Aave governance latest proposal includes the creation of the Aave Finance Committee (AFC) which would be responsible of the oversight of the treasury and liquidity management strategies.

Aave DAO has also introduced an AAVE token buyback initiative to enhance the token’s intrinsic value based on the protocol’s overall budget.

Aave’s latest governance proposal also includes the launch of a new rewards mechanism in the form of a ERC20 token named Anti-GHO.

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