Aave-Chan Initiative founder Marc Zeller disclosed that he has liquidated his AAVE holdings.
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The Aave Chan Initiative has officially ceased operations; Marc Zeller announces new project.
PANews reported on July 1st that Aave Chan Initiative (ACI) founder Marc Zeller disclosed that Aave DAO delegation and service provider ACI officially ceased operations today, marking the end of this community-driven governance platform after more than three years of operation. According to Zeller, ACI was founded during a DeFi downturn, when Aave's TVL had shrunk to a quarter of its peak, and the protocol was losing approximately $35 million annually. During its tenure, ACI helped Aave turn around the protocol's performance, generating $150 million in annual revenue, driving a nine-fold increase in AAVE's price, and establishing 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.
ACI has officially ceased operations due to governance disagreements with Aave Labs.
According to Foresight News , The Block reports that Marc Zeller, founder of the Aave Chan Initiative (ACI), has officially ceased operations after a governance disagreement with Aave Labs.
Aave co-founder: Aave DAO Swap revenue reaches $1 million for the first time; more features will be launched to expand revenue streams.
According to Foresight News , Aave co-founder Stani Kulechov announced that Aave DAO's swap revenue has reached $1 million for the first time since the launch of the "Aave Will Win" program. He stated that this revenue stream introduces a transactional revenue source to the Aave protocol, in addition to its existing assets under management (AUM) based fees. Aave will also launch more features in the Aave Pro product, including leverage tools, a transaction builder, and support for Aave V4, to further expand its revenue channels.
Ripple disclosed eight developments related to RLUSD, covering payments, exchanges, and cross-chain infrastructure.
According to Mars Finance, Jack McDonald, Senior Vice President of Ripple's Stablecoin Business, disclosed eight recent developments regarding RLUSD in an article published on X on June 29th. These developments cover settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listing, charitable initiatives, and the Japanese market. Mastercard has expanded its settlement capabilities, supporting RLUSD on eight blockchain networks, including XRP Ledger. Ripple has also expanded RLUSD availability in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and partnered with Bitso to enable RLUSD and MXNB to support liquidity and cross-border trading through XRP Ledger's Permissioned DEX. RLUSD also achieves multi-chain support through Wormhole Native Token Transfers and entered the Japanese market through SBI VC Trade after obtaining approval from the Japanese Financial Services Agency. In addition, RLUSD has been listed on exchanges such as Gate and Floq and integrated with cross-chain infrastructure provider Squid Router. Meanwhile, Ripple has joined Water's GetBlue campaign as its exclusive digital asset and payment partner.
Binance founder CZ: The dividend design of micro-strategies is too complex; I don't fully understand its mechanism.
On June 29th, Binance founder CZ stated on the podcast "The Block" that he had tried several times but still couldn't fully understand Strategy's STRC product, believing that such financial products were overly complex. He worried that if even he couldn't understand it, then there were likely many others who didn't understand what they were buying at all. However, he believed the market overreacted to Strategy selling 32 bitcoins—companies always have to pay dividends, and sooner or later they would have to sell some.
Zcash gains 20% as Paradigm founder reveals firm made ZEC investment
Zcash rose about 20% in 24 hours as Paradigm co-founder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.