Aave DAO Approves $1 Million Weekly Buyback as Part of Tokenomics Shift

The Aave protocol’s decentralized autonomous organization (DAO) has given the green light to a major tokenomics initiative: a weekly buyback program. Aave Chain Initiative (ACI) founder Marc Zeller announced this on X, highlighting it as a significant step towards shaping the protocol’s future. 427,000 votes in favor of the proposal exceeded the required threshold of 320,000, signaling overwhelming support from the DAO members.