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Aave DAO accumulates 100,000 AAVE through buyback, plans to use it as collateral to launch GHO credit
Summary: According to reports, since April 9th, Aave DAO has accumulated 100,000 AAVE at an average price of approximately $239.35 through a buyback plan, with a total cost of about $24 million. The current value is around $25.1 million, resulting in an overall profit of about 4.36%. Aave DAO's annual income is approximately double its annual ...
According to reports, since April 9th, Aave DAO has accumulated 100,000 AAVE at an average price of approximately $239.35 through a buyback plan, with a total cost of about $24 million. The current value is around $25.1 million, resulting in an overall profit of about 4.36%. Aave DAO's annual income is approximately double its annual expenses. It plans to use the repurchased AAVE and treasury assets as collateral to establish GHO credit lines, with the funds being used for growth plans and repayment. This proposal has not yet entered the voting process.
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Link: Aave DAO accumulates 100,000 AAVE through buyback, plans to use it as collateral to launch GHO credit [Copy]
