Aave CEO: Will never sell AAVE tokens at a 70% discount, currently designing the buyback mechanism for Aavenomics 3.0

Odaily reported that the Aave CEO clarified in response to recent community discussions that Aave would never sell AAVE tokens at a 70% discount.

According to the CEO, under the “Aave Will Win (AWW)” proposal, 100% of income from the Aave protocol and GHO stablecoin belongs to AAVE token holders. This principle also applies to all product revenues from Aave App, Aave Pro, and Swaps. Aave Labs, as a service provider to the Aave DAO, is only responsible for protocol development and expansion and does not receive any protocol or product income.

The Aave CEO revealed that Aave's current annualized revenue has reached 134 million USD, all of which belongs to the Aave DAO. At the same time, the Aave brand and related software intellectual property are all owned by AAVE.

Additionally, the team is designing Aavenomics 3.0, with plans to introduce a brand new automated, non-discretionary buyback mechanism. More details will be announced in due course. The CEO stated that Aave’s goal is to serve not only the crypto market but also the entire financial asset market, including real world assets (RWA).