Aave Community Proposes $50 Million AAVE Token Buyback Annually
BlockBeats News, October 22nd: The Aave community has initiated a proposal suggesting the institutionalization of AAVE's long-term buyback plan, supported by protocol revenue. This plan will establish an annual budget of $50 million, utilizing flexible execution parameters to allow the Aave DAO to strategically deploy funds for ongoing buybacks and accumulation of AAVE tokens, thus extending the existing buyback initiative indefinitely.
Plan Structure: Annual Budget: $50,000,000; Responsible Parties: Tokenlogic and the Aave Finance Committee (AFC); Weekly Execution Range: Weekly purchases ranging from $250,000 to $1,750,000 worth of AAVE.
The AFC will have the authority to adjust the weekly buyback amount within a 75% fluctuation range, based on factors including market conditions and liquidity, token price volatility, strategic timing considerations, and the availability of protocol revenue.
You may also like
Gainers
Latest Crypto News
This week, the US Ethereum Spot ETF saw a total net outflow of $500.2 million
X3Labs announced a purchase of 10,000 SOL to acquire CAT tokens, kicking off the "CAT Edition MicroStrategy."
「Buddy」 ETH Long Position has been liquidated 3 times today, with the position size dropping to $153,000
The US and Ukraine will hold talks in Switzerland
A certain solo miner successfully mined Block 924569, receiving a reward of 3.146 BTC
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com