The Aave’s buyback initiave part of the latest governance proposal would be overseen by Aave’s Finance Committe and would allocate $1million every week during a six-month period, subject to change depending on budget considerations.

Quotes that support claims

"Initially, Aave DAO plans to repurchase $1 million worth of AAVE each week. The buyback scale may increase based on the protocol’s financial performance. This strategy aims to enhance value for AAVE holders while improving overall liquidity."

"A buyback and distribution program is also part of the update. Under this model, governance would allocate funds to purchase AAVE on secondary markets. The plan suggests an initial $1 million per week buyback for six months, with adjustments based on treasury reports and overall budget considerations."