The Aave DAO has approved a proposal to establish a permanent $50 million annual buyback program for its AAVE tokens. This initiative, proposed by the Aave Chan Initiative (ACI), received unanimous support with 100% 'Yae' votes. The program aims to enhance the value of AAVE tokens and bolster the project's treasury by allocating funds from protocol revenue. Aave, the leading DeFi protocol with a total value locked (TVL) of $36.4 billion, reported $12.7 million in revenue over the past 30 days. The buyback program will enable the Aave Finance Committee and TokenLogic to repurchase between $250,000 and $1.75 million worth of AAVE weekly, contingent on market conditions.