Aave founder: The new token economics will include AAVE buybacks, staking, and burning

In a live broadcast in the third quarter, Aave founder Stani stated that Aavenomics 3.0 will include AAVE buybacks, staking, and burning.

The AAVE buyback was suspended the day after the rsETH vulnerability incident on April 19. Since then, the DAO has committed to providing 25,000 ETH to DeFi United to compensate for the losses and has arranged for Mantle to provide a credit line of up to 30,000 ETH. Before the buyback was suspended, there was a proposal in the forum suggesting to reduce the annual buyback budget from approximately 50 million dollars to 30 million dollars.