$AAVE
This news is amazing!
Since Aave DAO activated the protocol fee buyback mechanism, it has been executing a $1 million buyback plan every week without fail. The execution capability is impressive!
Here's the latest update: so far, the protocol has spent a total of $10 million, buying back 50,000 AAVE, which averages out to a cost price of only $199.74 per token.
Now, looking at the current market price of AAVE, it turns out this portion of the treasury reserves has already generated about $3 million in unrealized gains—it's like making money while lying down! Will Aave DAO continue to buy back in the future, and how much will this profit increase? Let's keep an eye on it!
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