The Aave Chan Initiative officially ends operations, and founder Marc Zeller teases a new project

According to Marc Zeller, founder of the Aave Chan Initiative (ACI), the Aave DAO commissioned service provider ACI has officially ceased operations today, marking the end of this community-led governance platform after more than three years of operation.

Reflecting on this, Marc Zeller noted that ACI was established during a low point for DeFi, with Aave's TVL shrinking to a quarter of its peak, and the protocol losing about $35 million annually. During its tenure, ACI helped Aave turn around its operational status to an annual revenue of $150 million, drove the AAVE price up by 9 times, and established 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.