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Aave community proposal launches a $6 million Token buyback plan.
GateNewsBot
Gate.io News bot message, the Aave community is voting on a new proposal that plans to use $6 million (3M aEthUSDT + 3M aEthUSDC) to buy back AAVE Tokens in the open market, with a buyback period of six weeks, and the specific operations will be executed by the Aave Finance Committee.
This repurchase plan is part of Aave’s larger-scale capital restructuring and incentive program. The plan also includes migrating assets from other chains back to the Ethereum mainnet, purchasing 4 million GHO stablecoins for operations, and converting some MATIC assets into ETH to generate returns.
Source: Wu Says
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