Aave Buyback Proposal Overwhelmingly Approved, Securing $4 Million in Funding

Aave’s governance proposal for a buyback initiative has received strong approval from its community members. With over 99.63% of votes in favor, the Aave Treasury Committee has been granted authority to utilize approximately $4 million worth of aETH/USDT tokens for a month-long buyback program. This first phase is part of Aavenomics, which aims to complete a total buyback target of $1 million per week over the next six months. The initial phase will be followed by the deployment of a revamped Aave Swapper contract to facilitate long-term buyback operations.