News

Jinse Finance reported that U.S. President Trump stated: A new Federal Reserve Chair will be selected soon, and the new Chair may be inclined to push for interest rate cuts. Inflation has been completely contained, and we do not want to see deflation. In many ways, deflation is worse than inflation.

Jinse Finance reported that the Aave DAO, which manages the Aave protocol, and Aave Labs, the core development company behind the Aave product suite, have had disagreements over the distribution of fees generated from the recently announced integration with decentralized exchange aggregator CoW Swap. The related controversy continues to escalate. The issue was raised by EzR3aL, an anonymous member of the Aave DAO. He pointed out that the fees generated from crypto asset swaps via CoW Swap have not entered the Aave DAO treasury, but instead have flowed to a designated on-chain address. In fact, these fees ultimately went to a private address controlled by Aave Labs. EzR3aL raised several questions about this, including why the DAO was not consulted before the adjustment of the fee flow, and asserted that the ownership of these fees should belong to the DAO. EzR3aL stated: "At least $200,000 worth of ETH flows into the pocket of some entity every week, instead of AaveDAO." He added that this means the DAO is potentially missing out on up to $10 million in annual revenue. Aave Labs responded by stating that the rights to the website frontend components and application interfaces have always been legally owned by them.