ACI founder proposes an alternative to the Kelp crisis relief effort: establishing a depository instead of donations.

On April 24th, CoinFeed reported that Marc Zeller, founder of the Aave Chan Initiative (ACI), published an article on the X platform proposing an alternative to the Kelp rescue operation: establishing a depository called "DeFi United Eth." This vault would hold Aave's wETH revenue at an annualized interest rate of up to 5%, making the vault's deposit token, AaveETH, tradable, and gradually repaying interest and principal. The vault's capacity would be capped at the worst-case scenario's total shortfall. Zeller stated that Aave has substantial revenue, with Aave DAO and Aave Labs each possessing nine-figure vaults, which could have solved the problem.