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.
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