Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Shiba Inu (SHIB) Price Analysis: 4x Volume Spike and Strong Support at $0.000015

May 22, 2025

Andreessen Horowitz, Bain Capital Crypto Invest $135M in World Assets

May 22, 2025

Why Is Bitcoin Up Today

May 22, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Shiba Inu (SHIB) Price Analysis: 4x Volume Spike and Strong Support at $0.000015

    May 22, 2025

    Andreessen Horowitz, Bain Capital Crypto Invest $135M in World Assets

    May 22, 2025

    Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

    May 22, 2025

    Chainlink (LINK) Price Analysis: Exchange Outflows Signal Bullish Momentum

    May 22, 2025

    Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

    May 22, 2025

    Bitcoin continues rally to surpass $110K for the first time

    May 22, 2025

    Feds Charge Atlanta Man for Allegedly Applying for Over $3,390,000 in Fraudulent Small Business Loans During COVID

    May 22, 2025

    Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet

    May 21, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    Billionaire Justin Sun To Attend Crypto Dinner With President, Says He Is ‘Top Holder’ of Trump’s Memecoin

    May 21, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    ‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

    May 21, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Shiba Inu (SHIB) Price Analysis: 4x Volume Spike and Strong Support at $0.000015

    May 22, 2025

    Andreessen Horowitz, Bain Capital Crypto Invest $135M in World Assets

    May 22, 2025

    Why Is Bitcoin Up Today

    May 22, 2025

    Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

    May 22, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Hits New ALL TIME HIGH: Here's WHY (Japan Economy Imploding)

    May 22, 2025

    HURRY: Bitcoin's Move From $110K To $125K Will Be QUICK!!!

    May 21, 2025

    Bitcoin NEW All-Time High! Price Prediction & Bear Trap Alert!

    May 21, 2025

    The Next BIG Crypto Memecoin Just Discovered → Like Finding Dogecoin, Pepe, & Brett EARLY!?

    May 21, 2025

    NYC Mayor Adams Promises To Abolish Worst Crypto Policy Ever

    May 21, 2025
ApeWatcher News
Home » AAVE soars 13% as buyback proposal passes among tokenholders
AAVE soars 13% as buyback proposal passes among tokenholders
Ethereum

AAVE soars 13% as buyback proposal passes among tokenholders

Coin TelegraphBy Coin TelegraphApril 9, 20250 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Aave’s tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol’s governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. 

The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks. 

The move is a “first step” toward a broader plan to repurchase $1 million AAVE tokens weekly for six months. It is also the latest instance of DeFi protocols implementing buyback mechanisms in response to tokenholder demands.

“The goal is to sustainably increase AAVE acquisition from the open market and distribute it to the Ecosystem Reserve,” the proposal said. 

The AAVE token’s price rallied more than 13% on April 9, bringing the protocol’s market capitalization to more than $2.1 billion, according to data from CoinGecko.

The buyback proposal passed with overwhelming support. Source: Aave

Related: Aave proposal to peg Ethena’s USDe to USDT sparks community pushback

Buybacks gain popularity

In March, the Aave Chan Initiative (ACI), a governance advisory group, proposed a tokenomics revamp that would include new revenue allocations for AAVE tokenholders, enhanced safety features for users, and the creation of an “Aave Finance Committee.”

Aave is Web3’s most popular DeFi protocol, with total value locked surpassing $17.5 billion as of April 9, according to DefiLlama. 

It is also among DeFi’s biggest fee generators, with an estimated annualized fee income of $350 million, the data shows. 

Aave is DeFi’s most popular protocol by TVL. Source: DeFILlama

DeFi protocols are under increasing pressure to provide tokenholders with a share of protocol revenues — partly because US President Donald Trump has fostered a friendlier regulatory environment for DeFi protocols in the United States.

Projects including Ethena, Ether.fi and Maple are piloting value-accrual mechanisms for their native tokens.

In January, Maple Finance’s community floated buying back native SYRUP tokens and distributing them as rewards to stakers.

In December, Ether.fi, a liquid restaking token issuer, tipped plans to direct 5% of protocol revenues toward buying back native ETHFI tokens. 

Similarly, Ethena, a yield-bearing stablecoin issuer, agreed to share some of its approximately $200 million in protocol revenues with tokenholders in November.

Magazine: DeFi will rise again after memecoins die down: Sasha Ivanov, X Hall of Flame

Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

May 21, 2025

Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

May 21, 2025

Ethereum price gained 90% the last time this indicator turned bullish

May 20, 2025

Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

May 20, 2025

Price predictions 5/19: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI

May 19, 2025

Hoskinson promises audit, is ‘deeply hurt’ by $600M Cardano treasury claims

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Shiba Inu (SHIB) Price Analysis: 4x Volume Spike and Strong Support at $0.000015

May 22, 2025

Andreessen Horowitz, Bain Capital Crypto Invest $135M in World Assets

May 22, 2025

Why Is Bitcoin Up Today

May 22, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.