Woofun AI reports that the Aave Chan Initiative (ACI) has officially ceased operations, marking the conclusion of its three-year tenure as a service provider for the Aave DAO. Founder Marc Zeller announced the shutdown while highlighting ACI's role in reversing Aave's earlier decline, noting the protocol's TVL had previously dropped to a quarter of its peak with annual losses of $35 million.

Zeller stated that during its operation, ACI contributed to Aave achieving $150 million in annual revenue and a ninefold increase in the AAVE token price, alongside establishing a mature governance network. He emphasized that the closure of ACI does not signify the end of his efforts, with plans for a new project to be disclosed shortly.