On April 9th, according to the Aave official governance page, the Aave DAO proposed to authorize the Finance Committee (AFC) to allocate 4 million US dollars worth of aEthUSDT for the first phase of the Aavenomics buyback and distribution plan. The plan aims to buy back AAVE from the open market and distribute it to the ecosystem reserve to enhance governance incentives and protocol health.

This initial authorization will support approximately one month of buyback operations, while also allowing buffer time for future deployment of the new Aave Swapper contract. The full plan is expected to continue at a pace of up to 1 million US dollars per week over a period of six months.

This proposal enables the AFC to begin executing the first phase of the buyback plan, approving 4 million US dollars worth of aEthUSDT for approximately one month of AAVE buyback.

By setting an authorization limit instead of transferring funds directly, the proposal ensures fund security while allowing the AFC to efficiently execute buybacks within the approved governance scope, helping to steadily advance the implementation of Aavenomics.