Aave founder Stani said the protocol’s Aavenomics 3.0 will include AAVE buybacks, staking and token burns during a third-quarter livestream, BlockBeats reported.
Buybacks remain paused after the rsETH exploit
AAVE buybacks were paused on April 19, the day after an rsETH vulnerability event. The DAO later committed 25,000 ETH to DeFi United to cover losses and arranged a Mantle credit facility of up to 30,000 ETH, according to the report.
Before the pause, a forum proposal had suggested reducing the annual buyback budget from about $50 million to $30 million. The flash did not provide a launch date or final terms for Aavenomics 3.0.