Aave community's new proposal aims to update the token economic model and launch a token buyback plan
ChainCatcher news, according to the Aave governance proposal, the Aave community has proposed the latest tokenomics update [Aavenomics Implementation Plan: Part One], aimed at optimizing the AAVE token economy, including the launch of AAVE buybacks, reallocating protocol surplus income, terminating the LEND token migration, and upgrading secondary liquidity management.Aave DAO currently has cash reserves of $115 million and expects revenue growth by 2025. The proposal plans to utilize the Umbrella security mechanism to safeguard liquidity while promoting the Anti-GHO token for repaying GHO debt or exchanging for StkGHO. Additionally, Aave will initiate a "buyback and distribute" plan, initially repurchasing $1 million AAVE weekly and gradually scaling up.If the proposal is approved, it will enter the Snapshot voting phase and be executed by the Aave Finance Committee.The proposal suggests allocating 50% of GHO revenue to generate Anti-GHO, distributed at a ratio of 80% to StkAAVE holders and 20% to StkBPT holders. Currently, the GHO supply is 186 million, with an annual yield of 6.45%, resulting in an annual revenue of approximately $12 million, thus generating 6 million Anti-GHO for Aave stakers each year.