Aave CEO Rules Out 70% Discount on Token Sales, Unveils Automated Buyback Plan

Aave's CEO has clarified their stance on token sales in response to community discussions. According to the CEO, Aave will never sell AAVE tokens at a 70% discount. The company's revenue model is based on the 'Aave Will Win (AWW)' proposal, which allocates 100% of income from the Aave protocol and GHO stablecoin to AAVE token holders.

This principle applies to all product revenues from Aave App, Aave Pro, and Swaps. The Aave CEO revealed that Aave's current annualized revenue has reached $134 million, all of which belongs to the Aave DAO.

The team is designing Aavenomics 3.0, with plans to introduce a brand new automated, non-discretionary buyback mechanism. The goal is for Aave to serve not only the crypto market but also the entire financial asset market, including real-world assets (RWA).