PANews reported on October 22nd that Aave DAO proposed a buyback program for AAVE, establishing a $50 million annual budget and establishing flexible execution parameters to enable strategic capital deployment to further accumulate AAVE tokens and extend the existing buyback program indefinitely. This buyback program will be jointly promoted and executed by the TokenLogic team and the Aave Finance Committee (AFC). The program establishes a weekly AAVE purchase range of between $250,000 and $1,750,000 to ensure the stability and continuity of the buyback.
Aave DAO proposes $50 million annual budget to support token buyback program
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