"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."
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Aave DAO Proposes Major AAVE Buyback Plan and Liquidity Upgrade
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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.
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