Decentralized Finance (Defi) Protocol Aave has bought back a total of 50,000 Aave tokens in the past two months. De Levekoop is part of the weekly return plan of $ 1 million of the protocol.
Aave recovers 50,000 Aave in two months: Treasury in profit, program continues
The protocol has spent $ 10 million so far. With an average purchase price of $ 199.74, Aave tokens are worth around $ 13 million on the basis of the current market price of $ 264, which represents a non -realized profit of around $ 3 million.
Return program continues
The repurchase program, managed by the Aave community, is planned to continue with a weekly volume of $ 1 million for the first six months, which means that the total repurchase per year brings around $ 50 million a year. The program is also planned to be expanded in the future based on revenue growth.
Since the start of the return process, the Aave Dao Treasury has been consistently reselled above $ 100 million, indicating that the protocol is financially stable and has a sustainable capital structure.
Aave’s aggressive return policy is seen as part of its strategy to maintain its value and increase the trust of investors by reducing the supply of the token. While the protocol continues to optimize its income models, all eyes will be on new developments that will be announced in the coming weeks.
*This is not investment advice.
