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Aave community proposal plans to allocate $6 million for AAVE buyback.
Wu stated that the latest proposal from the Aave community is now open for voting, which aims to approve the allocation of $6 million (3M aEthUSDT + 3M aEthUSDC) for the repurchase of AAVE tokens on the open market over the next six weeks, to be executed by the Aave finance committee. This proposal is part of a broader fund restructuring and incentive plan, which also includes the cross-chain migration of assets back to the Ethereum Mainnet, the purchase of 4 million GHO stablecoins for operations, and the exchange of some MATIC assets for ETH to generate returns.