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Futures
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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Aave DAO proposal on the repurchase allocation of AAVE
According to Mars Finance, Aave DAO has passed a proposal to initiate the AAVE buyback and distribution plan. The proposal approves the allocation of specific aEthUSDT from the Aave Collector contract to the Aave Finance Committee (AFC), enabling the committee to launch AAVE buybacks as part of Aavenomics implementation. This preliminary proposal allows AFC to begin executing the first phase of the buyback plan, approving 4 million USD of aEthUSDT for approximately one month of AAVE buybacks. The full plan aims to buy back 1 million USD weekly over six months.