#Estratégia de Buyback of #Aave #DAO Cumulative Profit of US$ 2.6 Million

The strategic initiative of Aave DAO to repurchase its own AAVE tokens is proving to be a financial success and a smart market move. Since the start of the program on April 9, the autonomous organization has already invested US$ 15.7 million to reacquire 70,000 AAVE tokens from the market, at an average price of US$ 223.33 per unit.

With the recent appreciation of the token to US$ 261, the value of this position has already risen to US$ 18.3 million, generating an unrealized profit of US$ 2.6 million for the DAO's treasury.

In addition to the profit, the strategic importance of this move is twofold:

1. Signal of Confidence: By repurchasing its own tokens, Aave DAO signals to the market that it believes the asset is undervalued, demonstrating strong confidence in its future.

2. Reduction of Supply: The buyback removes tokens from circulation, which, by the law of supply and demand, tends to create upward price pressure in the long term.

The process remains active, with the DAO allocating approximately US$ 1 million per week for new buybacks. This action creates a constant buying pressure in the market, which can help sustain the price of AAVE and demonstrates an effective and proactive use of the DAO's treasury to benefit its token holders.