ACI Founder Proposes Establishing a Reserve to Replace Kelp Crisis Bailout Plan

BroadChain News, April 24, 17:02, Aave Chan Initiative (ACI) founder Marc Zeller posted on platform X, proposing a new plan to replace the Kelp rescue plan: establishing a reserve pool named "DeFi United Eth". This reserve pool will hold Aave's wETH yield, with an annualized interest rate of up to 5%. Its deposit token, AaveETH, is tradable and will gradually repay interest and principal.

The capacity limit of the reserve pool is set to the total shortfall in the worst-case scenario. Zeller pointed out that Aave's revenue is sufficient, and both Aave DAO and Aave Labs each have nine-figure reserve pools that could have resolved the issue.