Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Aave DAO has repurchased 100,000 AAVE tokens and plans to use them as collateral to open GHO credit
2025-10-13 15:47

According to Odaily Planet Daily, since launching its buyback program on April 9th, Aave DAO has purchased a cumulative 100,000 AAVE tokens at an average price of approximately $239.35, a total cost of approximately $24 million. The tokens are currently valued at approximately $25.1 million, representing an overall return of approximately 4.36%. According to TokenLogic, Aave DAO's annual revenue is approximately double its annual expenditure. The organization plans to use the repurchased AAVE tokens and treasury assets as collateral to establish a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet reached a vote.