Decentralized Finance (DeFi) Protocol Continues Implementing Its Buyback Plan! Here Is The Latest Buyback Amount!

Decentralized finance (DeFi) protocol Aave has bought back a total of 50,000 AAVE tokens over the past two months. The buybacks are part of the protocol’s $1 million weekly buyback plan. Aave Recovers 50,000 AAVE in Two Months: Treasury in Profit, Program Continues The protocol has spent $10 million in the process so far. With an average purchase price of $199.74, AAVE tokens are worth about $13 million based on the current market price of $264, representing an unrealized profit of about $3 million. Buyback Program Continues The buyback program, managed by the Aave community, is planned to continue at a weekly volume of $1 million for the first six months, bringing the total buyback to approximately $50 million annually. The program is also planned to be expanded in the future based on revenue growth. Since the start of the buyback process, the Aave DAO treasury has consistently hovered above $100 million, indicating that the protocol is financially stable and has a sustainable capital structure. Aave’s aggressive buyback policy is seen as part of its strategy to preserve its value and increase investor confidence by reducing its token supply. As the protocol continues to optimize its revenue models, all eyes will be on new developments to be announced in the coming weeks. *This is not investment advice. Continue Reading: Decentralized Finance (DeFi) Protocol Continues Implementing Its Buyback Plan! Here Is The Latest Buyback Amount!

Source: BitcoinSistemi