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Aave's "buyback proposal" has been passed, and will start buying back $1 million of AAVE every week tomorrow

2025-04-09 02:44

Odaily News Aave's official governance page shows that the first AAVE repurchase proposal has been passed with 99.63% support. The budget for the first repurchase is 4 million US dollars. It is expected that the repurchase will last for one month and will start on April 10.
The proposal mentioned that Aave’s complete plan is to repurchase $1 million per week in the next six months. The first proposal is only the first step in the repurchase plan. Next, Aave will complete and deploy the updated Aave Swapper contract, which will be used for future repurchases.