Svmuu News: Marc Zeller, founder of the Aave-Chan Initiative (ACI), responded to a community member’s question about whether he still holds AAVE tokens or has sold them, stating that he had liquidated his entire AAVE position when he resigned from Chaos Labs (though he may still hold a “dust-level” amount of tokens).
In a previous announcement, Marc Zeller declared that ACI had ceased operations, bringing its more than three-year governance tenure to a close. During his tenure, the Aave protocol transformed from an annual deficit of approximately $35 million to annual revenue of about $150 million, The AAVE token appreciated approximately ninefold over the same period, and an active governance network comprising core contributors, service providers, and governance representatives was established. ACI has demonstrated that the DAO governance model can not only function effectively but also outperform competitors with greater resources. The organization will continue to advance new projects, with related announcements expected to be made soon.