Aave DAO Proposes Long-Term Buyback Program Amid Upcoming Protocol Upgrade

According to Cointelegraph, Aave's decentralized autonomous organization (DAO) has put forward a proposal to establish a long-term buyback program funded by the protocol. This initiative aims to utilize up to $50 million in annual revenue to repurchase Aave tokens, marking a significant shift in the platform's tokenomics. The proposal, introduced by the Aave Chan Initiative (ACI) on Wednesday, suggests making buybacks a permanent feature. The Aave Finance Committee (AFC) and TokenLogic are set to oversee the execution, with plans to repurchase between $250,000 and $1 source: https://www.binance.com/en/square/post/31359410426081?utm_source=BinanceNewsRSS