Overview
- A proposal from the Aave Chan Initiative sets weekly repurchases between $250,000 and $1.75 million, executed by TokenLogic with oversight from the Aave Finance Committee.
- The measure is in the community feedback phase before a Snapshot poll, with an on-chain vote to follow if signaled; early responses have been favorable, including reported support from founder Stani Kulechov.
- Proponents cite recent on-chain revenue of about $13.9 million over 30 days, or roughly $169 million annualized per DeFiLlama, suggesting capacity to fund $50 million in yearly buybacks.
- Markets showed a brief positive reaction after the announcement, with AAVE climbing more than 2% above $220 and trading volume rising about 23.7% versus the weekly average.
- The initiative arrives as Aave prepares V4 with a hub-and-spoke liquidity design and cross-chain features, a shift that could influence future revenue and the program’s long-term sustainability.