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Aave Founder: New Tokenomics Will Include AAVE Buybacks, Staking, and Burning

Stani, the founder of the lending protocol Aave, stated during a live stream in the third quarter that Aavenomics 3.0 will include AAVE buybacks, staking, and burning. The AAVE buyback has been suspended since the day after the rsETH vulnerability incident on April 19. Since then, the DAO has committed to providing 25,000 ETH to DeFi United to cover losses and has arranged a credit line of up to 30,000 ETH from Mantle. Before the buyback was suspended, there was a proposal in the forum suggesting to reduce the annual buyback budget from approximately $50 million to $30 million.

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