{"id":21092,"date":"2025-04-08T12:02:51","date_gmt":"2025-04-08T12:02:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21092"},"modified":"2025-04-08T12:02:51","modified_gmt":"2025-04-08T12:02:51","slug":"aave-ushers-in-aavenomics-agrees-to-buy-1m-of-aave-tokens-every-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21092","title":{"rendered":"Aave Ushers in Aavenomics, Agrees to Buy $1M of AAVE Tokens Every Week"},"content":{"rendered":"
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Aave DAO approves Aavenomics and the purchase of $1M of AAVE every week from April 9. The funds will come from the protocol\u2019s profits and aim to increase their ecosystem reserve. Will this DeFi giant extend the lead in DeFi days after announcing Lens Chain?<\/em><\/p>\n

Aave, a DeFi giant and one of the largest protocols of its kind, running primarily on Ethereum, is entering a new phase following the official <\/span>activation<\/span><\/a> of Aavenomics. <\/span><\/p>\n

After a quorum was reached on April 7, Aave DAO holders approved Aavenomics, greenlighting the weekly purchase of $1 million worth of AAVE from secondary markets.<\/span><\/p>\n

The proposal, approved by the Aave DAO with a majority vote, marks a bold experiment to align the protocol with its long-term incentives. It aims to make the broader Aave ecosystem sustainable and powered entirely by its profits. With this, the token could be one of the <\/span>best cryptos to buy<\/span><\/a> in 2025.<\/span><\/p>\n

Explore:\u00a0Best Meme Coin ICOs to Invest in April 2025<\/a><\/strong><\/p>\n

Aavenomics: What It Means for Aave<\/span><\/strong><\/h2>\n

As expected, Aavenomics received overwhelming support from AAVE holders.\u00a0\u00a0<\/span><\/p>\n

From the on-chain voting results, the proposal to scoop $1 million of AAVE from exchanges like Binance and Coinbase every week garnered 550,000 votes, well above the 320,000-vote threshold.\u00a0<\/span><\/p>\n

\"\"\u00a0<\/span><\/p>\n

(Source<\/a>)<\/strong><\/p>\n

Opposition, on the other hand, was negligible, with only 2,024 votes against the idea.\u00a0\u00a0<\/span><\/p>\n

With the proposal approved, Aavenomics will begin <\/span>on Wednesday, April 9<\/span><\/strong>\u2014a move that Marc Zeller, the founder of the Aave Chain Initiative (ACI), said will be the start of a \u201cnew era\u201d for the DeFi protocol. <\/span><\/p>\n

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The $AAVE<\/a> aavenomics AIP now has Quorum.<\/p>\n

Welcome to the new era for @aave<\/a>.<\/p>\n

1m$\/week buybacks financed by protocol profits starting on Wednesday.<\/p>\n

Just use Aave. pic.twitter.com\/vRgwJbZIiX<\/a><\/p>\n

\u2014 Marc \u201cBilly\u201d Zeller \"\ud83d\udc7b\" \"\ud83e\udd87\"\"\ud83d\udd0a\" (@lemiscate) April 6, 2025<\/a><\/p>\n<\/blockquote>\n