Aave DAO has successfully repurchased 100,000 AAVE tokens since initiating its buyback program on April 9, at an average price of $239.35 per token, totaling approximately $24 million. The current value of these tokens stands at $25.1 million, reflecting a 4.36% return. The DAO plans to leverage these repurchased tokens, along with treasury assets, as collateral to establish a GHO credit line aimed at funding growth initiatives. This proposal is pending a vote.
Aave DAO Acquires 100,000 AAVE Tokens for GHO Credit Line
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