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Aave DAO buyback plan shows results: $10 million acquisition of 50,000 AAVE, unrealized gains reach $3 million
Since the implementation of the protocol’s fee buyback mechanism, Aave DAO has continuously executed a buyback plan of 1 million dollars every week. The latest data shows that the protocol has cumulatively spent 10 million dollars to buy back 50,000 AAVE, with an average cost price of 199.74 dollars. Based on the current market price of 264 dollars, this portion of the treasury reserves has generated approximately 3 million dollars in unrealized gains.