Aave Chan Initiative (ACI), a governance delegate and service provider for Aave DAO, has officially ceased operations today, according to ACI founder Marc Zeller.
According to ChainCatcher, Zeller said the shutdown ends a community-led governance platform that had been operating for more than three years.
Zeller said ACI was formed during a downturn for decentralized finance, when Aave’s total value locked had fallen to one-quarter of its cycle peak and the protocol was losing about $35 million per year. He said that during ACI’s tenure, it helped Aave improve its operating performance to annual revenue of $150 million, while AAVE’s price rose ninefold and the DAO’s governance and service-provider network matured.
Zeller added that ACI’s closure is not the end of his work and that new project plans will be announced soon.
Aave Chan Initiative Founder Says ACI Has Shut Down After More Than Three Years
2026-07-01 15:03:53
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
