In less than 6 months, nearly 0.5% of the $AAVE total supply has been bought back leveraging protocol profits. During the same period, emissions have been halved. Just Use Aave.
TokenLogic
TokenLogic4.8. klo 17.47
70,000 $AAVE Bought Back! Since launching the buyback program on April 9th, Aave DAO has accumulated 70,000 $AAVE, spending $15.7M at an average price of $223.33. At today’s price of $261, these purchases are now worth $18.3M, a profit of $2.6M. And now? Buybacks are still ongoing, with around $1M being deployed each week.
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