Aave buyback
Aave DAO has proposed a $50 million annual buyback to bolster the value of the Aave token ahead of the anticipated V4 upgrade, despite its current downtrend. The buyback initiative aims to enhance investor confidence and provide support for the token’s market performance. This proposal reflects the DAO’s commitment to maintaining the value of Aave as it prepares for significant updates with the forthcoming version four. The decision comes at a time when the token has been experiencing a decline, prompting the DAO to take proactive measures. Members of the Aave community are expected to discuss the proposal further, weighing its potential impact on the ecosystem as the V4 launch approaches.
