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Aave DAO has repurchased over 50,000 AAVE tokens to date at an average price of $199.74, generating $3 million in unrealized gains

Summary: According to reports, since implementing a protocol fee buyback mechanism, Aave DAO has been consistently executing a weekly $1 million buyback plan. The latest data shows that the protocol has spent a total of $10 million repurchasing 50,000 AAVE tokens, with an average cost of $199.74. Based on the current market price of $264, this ...

According to reports, since implementing a protocol fee buyback mechanism, Aave DAO has been consistently executing a weekly $1 million buyback plan. The latest data shows that the protocol has spent a total of $10 million repurchasing 50,000 AAVE tokens, with an average cost of $199.74. Based on the current market price of $264, this portion of the treasury reserve has generated approximately $3 million in unrealized gains.

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Link: Aave DAO has repurchased over 50,000 AAVE tokens to date at an average price of $199.74, generating $3 million in unrealized gains [Copy]

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