Aave (AAVE), a DeFi protocol that earns $50 million in profits every year, is considering the redistribution of fees among the token’s stakers and holders. The founder Marc Zeller said that the platform’s Decentralized Autonomous Organization (DAO) earns enough profits to cover operational expenses for the next five years.
Bitcoin has been range bound since its year-to-date peak of $73,777 on March 14. The largest asset by market capitalization is less than two weeks away from its block reward halving and analysts at Steno Research say a “buy the rumor, sell the news” scenario is likely.
Base chain, Coinbase’s Layer 2 chain hit two key milestones on Sunday, April 7. The chain surpassed the Ethereum Layer 1 in terms of transactions per second and hit a new milestone in total value of cryptocurrencies locked on Base.