Aave starts $50mln buyback: What this means, and mapping the effect on price
2 Articles
2 Articles
Aave Launches Weekly Buybacks as Market Responds with Increased Accumulation and Liquidity Growth News ETHNews
Aave allocates $50 million annually for weekly buybacks, spending $1 million to repurchase AAVE from the market. Since April 9, Aave bought 10,014 AAVE worth $1.39 million, reflecting early execution of its supply-reduction plan. Aave has introduced a weekly token buyback program that is already influencing market behavior. The protocol, which governs the AAVE token and its associated lending infrastructure, has committed to spending $1 million …
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