Aave DAO Approves $1 Million Weekly Token Buyback to Support Market Stability
Aave’s decentralized autonomous organization (DAO) has officially given the green light for a $1 million weekly token buyback initiative. This decision aims to bolster market confidence amidst ongoing declines. The proposal received an overwhelming 439,000 votes in favor, well surpassing the required quorum of 320,000. The buyback is set to begin on April 9, contributing to the broader strategy of stabilizing the market.
