TechFlow news, April 9 — According to an official announcement, the AAVE DAO has passed a key proposal approving the allocation of a $4 million aEthUSDT limit to the Aave Finance Committee (AFC) to launch the AAVE token buyback program.
Per the proposal, this marks the first execution phase of the "Aavenomics Part One" initiative, aiming to sustainably purchase AAVE tokens from the open market and allocate them to the ecosystem reserve. The full plan targets $1 million in weekly buybacks over six months, with this approved $4 million supporting approximately one month of buyback operations.
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