Search results for "AFC"

15:30

The Aave community approved a $4 million buyback plan.

Gate.io News bot, according to the news, the Aave community has passed a proposal to grant the Aave Finance Committee (AFC) $4 million worth of aEthUSDT equivalent to repurchase rights. The funds will be used to buy back AAVE tokens from the market and deposit into the Ecological Reserve. As part of the Aavenomics upgrade, this buyback plan sets a weekly cap of $1 million, with a duration of 6 months. In this initial execution phase, the buyback will be carried out through the secondary market or market makers, and the authorized fund amount can be adjusted or revoked as needed. Source: Wu Says

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BOT-25.47%

AFC-14.94%

03:11

Aave DAO's first phase proposal for the $4 million AAVE buyback plan

Gate.io News bot message, according to the Aave governance proposal, the Aave DAO has approved a proposal to allocate $4 million aEthUSDT from the Aave Collector contract to the Aave Financial Committee (AFC). These funds will be used to implement the first phase of the AAVE buyback plan. The buyback plan, as part of Aavenomics, aims to repurchase AAVE from the open market and allocate it to the ecological reserve, with the first phase expected to last one month. The overall plan sets a target of repurchasing 1 million USD worth of AAVE weekly over a period of 6 months, and the 4 million USD authorization serves as the initial step for the plan. It is worth noting that the buyback process can be adjusted or revoked through new voting. Source: Wu Shuo

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AAVE-16.17%

BOT-25.47%

AFC-14.94%

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Crypto Calendar

Aethir will unlock 1,260,000,000 ATH tokens on October 12th, constituting approximately 12.73% of the currently circulating supply.

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Aethir unlocks tokens at 10 AM UTC.

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Pi Network has officially launched Pi Hackathon 2025, marking its first major developer challenge following the debut of the Open Network. This hackathon invites developers to design and launch Pi-powered applications that deliver real-world utility and help evolve the ecosystem—with a total prize pool of 160,000 Pi. Building on the innovation momentum from Pi2Day 2025, the competition encourages a broad range of utility-driven ideas, from daily-use tools to entirely new app concepts. All submissions must meet the Mainnet Listing Requirements and provide tangible value to the Pi community. Incentives & Prizes: 1st Place: 75,000 Pi 2nd Place: 45,000 Pi 3rd Place: 15,000 Pi Up to 5 Honorable Mentions: 5,000 Pi each Key Dates: August 15: Registration opens and team formation begins August 21: Hackathon officially starts September 19: Midpoint check-in (optional, but may yield mentorship and exposure) October 15: Final submissions due, including app listing and demo video Developers are encouraged to leverage Pi App Studio, Brainstorm, the Developer Portal, and open-source resources (PiOS), as well as AI tools, to build and refine their ideas.

Starknet announced the start of the Re{solve} Hackathon on September 15, running for one month with a prize pool of over $50,000. Participants are encouraged to build practical solutions, bring them to production, and compete for rewards.