PANews reported on October 13th that since launching its buyback program on April 9th , Aave DAO has purchased a total of 100,000 AAVE tokens at an average price of approximately $ 239.35 , totaling approximately $ 24 million. The total value is currently approximately $ 25.1 million, representing an overall return of approximately 4.36% . According to TokenLogic , Aave DAO's annual revenue is approximately twice its annual expenditure. The organization plans to use the repurchased AAVE and treasury assets as collateral to establish a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet reached a vote.PANews reported on October 13th that since launching its buyback program on April 9th , Aave DAO has purchased a total of 100,000 AAVE tokens at an average price of approximately $ 239.35 , totaling approximately $ 24 million. The total value is currently approximately $ 25.1 million, representing an overall return of approximately 4.36% . According to TokenLogic , Aave DAO's annual revenue is approximately twice its annual expenditure. The organization plans to use the repurchased AAVE and treasury assets as collateral to establish a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet reached a vote.
Aave DAO has repurchased 100,000 AAVE tokens and plans to use them as collateral to open GHO credit
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PANews reported on October 13th that since launching its buyback program on April 9th , Aave DAO has purchased a total of 100,000 AAVE tokens at an average price of approximately $ 239.35 , totaling approximately $ 24 million. The total value is currently approximately $ 25.1 million, representing an overall return of approximately 4.36% . According to TokenLogic , Aave DAO's annual revenue is approximately twice its annual expenditure. The organization plans to use the repurchased AAVE and treasury assets as collateral to establish a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet reached a vote.
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