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Aave generates a whooole bunch of fee revenue – we’re talking ~$25M-$90M per month A cut of this will now accrue to $AAVE holders FUNDAMENTALS https://t.co/w0CDGBLtTY https://t.co/c6Ia0KkAjJ
$AAVE has been on a rip lately. Why? 1/ Buybacks They announced they'll start buying back $1M worth of $AAVE every week for at least 6 months 2/ Revenue Share Aave generates $25-$90M from fees monthly. They're now sharing some of that with $AAVE holders Bullish @aave https://t.co/5zneQQYaax https://t.co/gRjGIQ7vvI
Aave is set to implement this new changes: - Introduce a new body: Aave Finance Committee (AFC) – Oversees treasury operations and runs a $1M/week $AAVE buyback for six months. - Changes to Aave Staking – No more slashing risks for StkBPT, but rewards will gradually decrease,… https://t.co/hm9uP40KWo
Aave, a decentralized finance (DeFi) lender, is planning a major overhaul of its tokenomics, which includes the establishment of the Aave Finance Committee (AFC) to oversee treasury operations. The committee will implement a buyback program, purchasing $1 million worth of AAVE tokens weekly for six months. This initiative is part of a broader strategy to enhance token value and reduce regulatory pressure, as discussions emerge regarding a proposal to eliminate the DeFi Broker Rule, which currently requires DeFi protocols to report and disclose customer information. Additionally, Aave is expected to share a portion of its substantial monthly revenue, estimated between $25 million and $90 million, with AAVE token holders. The proposed changes have been described by Aave founder Stani Kulechov as potentially the most critical in the platform's history.
