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Aave launches token repurchase mechanism, with the first month's repurchase budget reaching US$4 million
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web3资深研究
04-09 11:09
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Aave’s official governance page shows that Aave DAO’s proposal to authorize the Finance Committee (AFC to a $4 million equivalent aEthUSDT to launch the first phase of the Aavenomics repurchase and distribution program has been approved. The program aims to repurchase AAVE from the open market and distribute it to ecosystem reserves, thereby enhancing governance incentives and protocol health. This initial authorization will support about one month's repurchase operation, while reserveing ​​buffer time for the future deployment of new Aave Swapper contracts. The full plan is expected to continue to advance in six months at a pace of up to $1 million per week. The proposal enables AFC to begin the first phase of the repo program, approving $4 million in aEthUSDT for approximately one month of AAVE repo. By setting authorization quotas instead of direct transfers, proposals ensure funds are secure while allowing AFC to efficiently execute repurchases within the scope of governance approvals, helping to steadily advance the implementation of Aavenomics.
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