Aave DAO proposes a permanent buyback program that will invest $50 million annually.

[Aave DAO has approved a permanent buyback plan proposal, investing $50 million annually] According to The Defiant, Aave DAO has approved a permanent token buyback plan, allocating $50 million annually from protocol revenue for the buyback of AAVE tokens. The proposal was put forward by Aave Chan Initiative(ACI) on October 22, and it passed with 100% approval. Under the new plan, the Aave Finance Committee(AFC) and Token Logic can buy back AAVE worth between $250,000 and $1.75 million each week, depending on market conditions and protocol revenue. Currently, the total value locked in Aave(TVL) has reached $36.4 billion, with revenue of $12.7 million over the past 30 days. This move makes Aave one of the few DeFi projects to adopt a permanent income buyback plan. According to a Keyrock report, since 2024, token buybacks and income distribution have grown more than fivefold, with projects returning an average of 64% of revenue to holders, indicating that crypto projects are shifting towards prioritizing shareholder returns like traditional businesses.

AAVE-5.68%
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