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[Temperature Check] 1% Transaction Fees For Planet

6 replies, 1444 views, 4 likes

governance.aave.com

TL;DR:

AaronReFi proposed that AAVE should allocate 1% of its transaction fees to RedemptionDAO, an environmental group, but faced opposition from community members who argued it would be detrimental to AAVE's nature as a liquidity protocol. Despite the criticism, the proposal sparked interest in exploring the environmental impact of AAVE transactions and the potential for offsetting carbon emissions.

The discussion began with a proposal from AaronReFi, suggesting that AAVE should allocate 1% of its transaction fees to RedemptionDAO, an environmentalist group focused on protecting the Congo rainforest. The idea was to leverage AAVE's influence for a positive global impact and to reshape the public's perception of cryptocurrency.

However, the proposal was met with opposition from several community members, including MarcZeller, JosepBove, and PatrickB. They argued that a 1% fee on deposits/borrow would be detrimental to AAVE. They also pointed out that AaronReFi's proposal lacked a fundamental understanding of AAVE's nature as a liquidity protocol, not a DEX. Despite the criticism, Alex_BertoG showed interest in exploring the environmental impact of AAVE transactions and the potential for offsetting carbon emissions.

In response to the feedback, AaronReFi acknowledged his limited understanding of cryptocurrency and expressed a willingness to learn more about the potential implications of his proposal. The discussion highlighted the importance of understanding the technical aspects of AAVE and the potential consequences of implementing such a fee. It also sparked interest in further exploring the environmental impact of AAVE transactions.

Posted a year ago

Last reply a year ago

Summary updated 2 months ago

Last updated 03/12 08:01