Aave DAO has repurchased 100,000 AAVE tokens and plans to use them as collateral to open GHO credit

PANews reported on October 13th that since launching its buyback program on April 9th , Aave DAO has purchased a total of 100,000 AAVE tokens at an average price of approximately $ 239.35 , totaling approximately $ 24 million. The total value is currently approximately $ 25.1 million, representing an overall return of approximately 4.36% . According to TokenLogic , Aave DAO's annual revenue is approximately twice its annual expenditure. The organization plans to use the repurchased AAVE and treasury assets as collateral to establish a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet reached a vote.