Aavenomics, the initiative to overhaul Aave protocol’s tokenomics and incorporate token buybacks, has reached quorum for the Aave DAO. Marc Zeller, founder of Aave Chain Initiative, shared this exciting news via X, marking a pivotal moment for the protocol. This decision signifies the community’s commitment to strengthening Aave’s position in the DeFi landscape. Stakeholders eagerly anticipate the impact of this new tokenomics strategy on Aave’s market performance and overall growth. The $1 million weekly buyback is designed to enhance liquidity and drive demand for the AAVE token, reflecting a proactive approach to navigate current market conditions. As this ambitious plan unfolds, it will be interesting to observe how it influences other protocols within the decentralized finance ecosystem. The Aave community is poised for a new chapter as they implement these changes.