Aave founder Stani Kulechov proposes token burn for Aavenomics 3.0
Aave founder Stani Kulechov has proposed transitioning from the current buyback model to a permanent token burn mechanism for the AAVE token. Under the current framework, the protocol uses revenue to purchase tokens and hold them in the DAO treasury. A shift to burning would permanently remove these tokens from circulation, reducing the total supply. This proposal follows the evolution of Aavenomics, which previously introduced automated buybacks using 100% of protocol and GHO stablecoin revenue.
Summaries are written by AI from the original article. Not investment advice.