Aave Founder Announces Aavenomics 3.0 Includes AAVE Buyback, Staking, and Burn

Aave founder Stani Kulechov stated during the Q3 live stream that Aavenomics 3.0 will include AAVE buyback, staking, and burn. The AAVE buyback has been suspended since April 19, and the DAO has committed to providing 25,000 ETH to DeFi United to cover losses, along with arranging a credit line of up to 30,000 ETH from Mantle. Before the buyback was suspended, a proposal was made in the forum to reduce the annual buyback budget from approximately $50 million to $30 million. The first external curated markets on Aave V4 have gone live, with strategies provided by Sentora, allowing users to borrow RLUSD, PYUSD, and OUSD using yield-bearing and blue-chip assets as collateral in three new markets on Ethereum.

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