AAVE rises 13 % with the passage of a re -purchase proposal between the distinguished symbol holders

AAVE said on April 9 that the distinguished symbols of AAVE agreed to propose governance to start purchasing a decentral financing protocol (Defi), as part of a wider symbolic repair.

the an offer – Which is approved by more than 99 % of the distinguished symbol holders – allows the protocol to buy $ 4 million of AAVE (AAVECodes, enough for one month of re -purchase.

This step is a “first step” towards a broader plan to report $ 1 million of AAVE WeEKLY codes for six months. It is also the latest counterpart of the DEFI protocols that implement re -purchase mechanisms in response to the requirements of the distinguished symbol.

The proposal said: “The goal of this is to increase the acquisition of AAVE in a sustainable manner from the open market and distribute it to the ecosystem reserve.”

AAVE’s distinctive code price increased by more than 13 % on April 9, raising the market value of the protocol to more than $ 2.1 billion, according to Data From Coingecko.

Related to: AAVE proposal to PEGE USDE from USDT to USDT Sparks Community

Re -purchases are gaining popularity

In March, the AAVE CHAN (ACI) initiative, a governance consultant group, I suggest renewing the distinctive symbol This will include new revenue allocations for the distinguished code holders, improved safety features for users, and the establishment of a “AAVE Finance Committee”.

AAVE is the most popular Defi Protocol in Web3, with a total closed value of more than $ 17.5 billion as of April 9, According to To Devilia.

It is also one of the largest fees in Defi, with an annual income estimated at $ 350 million, as data appears.

Defi protocols are exposed to increasing pressure to provide holders of the distinctive symbol with a share of protocol revenues – partly because US President Donald Trump has strengthened a A friendly organizational environment for DEFI protocols In the United States.

Projects including Ethena, Eter.fi and MAPLE include leadership mechanisms for their original symbols.

In January, the Maple Finance community Distinctive symbols for the original drink again And distribute them as rewards to the two exports.

In December, Ether.fi, a source of a symbol of the liquid, has directed plans to direct 5 % of the protocol revenue towards buying original ethical symbols.

Likewise, Ethina, the source of Stablecoin carries the return, He agreed to participate Some of about 200 million dollars of protocol revenue with the distinctive symbol holders in November.

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