Aave founder Stani Kulechov considers token burns for Aavenomics 3.0
Aave is exploring an AAVE burn mechanism under Aavenomics 3.0, which would permanently remove repurchased tokens from circulation instead of retaining them in the DAO's treasury reserve.
Aave founder Stani Kulechov said the decentralized finance protocol is considering adding an AAVE token burn mechanism under Aavenomics 3.0, according to reports by The Block and Cointelegraph. Under its existing buyback program, Aave uses protocol revenue to acquire AAVE tokens, which are currently held in the DAO's Ecosystem Reserve treasury rather than destroyed.[3][5][2]
Transitioning to a burn model would take repurchased tokens out of circulation permanently instead of holding them in a treasury. Following Kulechov's remarks, AAVE jumped around 11%, though plans for the burn mechanism have not yet been finalized.[2][4][1]
Key facts
- Aave founder Stani Kulechov said the protocol is considering an AAVE burn mechanism as part of Aavenomics 3.0.
- Aave currently buys back AAVE tokens using protocol revenue and stores them in the DAO's Ecosystem Reserve.
- A token burn would permanently remove acquired AAVE tokens from circulation rather than holding them in the treasury reserve.
- Nothing has been finalized regarding the proposed burn mechanism.
- AAVE's price rose around 11% following Kulechov's comments.
Sources · 5 sources
- CB
Crypto BriefingArticle ·
Aave founder Stani Kulechov considers token burn for Aavenomics 3.0 Aave's potential shift to token burns could enhance token value by reducing supply, impacting investor sentiment and market dynamics. The post Aave founder Stani Kulechov considers token burn for Aavenomics 3.0 appeared first on Crypto Briefing .
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨AAVE IS LOOKING AT BURNS IN AAVENOMICS 3.0! Aave founder @StaniKulechov said Aave is considering burns in Aavenomics 3.0. It already does buybacks, a burn would take those tokens out of supply instead of just sitting in a treasury.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Aave founder Stani Kulechov said the protocol is considering an AAVE burn mechanism as part of Aavenomics 3.0. Aave's current buyback program uses protocol revenue to acquire AAVE, with purchased tokens held in the DAO's Ecosystem Reserve rather than burned. https://t.co/G9SNZbFOvp
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
AAVE has surged around 11% today after Aave founder Stani Kulechov said the team is considering adding a token burn mechanism to the protocol’s buyback programme as part of Aavenomics 3. Aave already has a buyback programme funded by protocol revenue. A burn would go a step further by permanently removing purchased AAVE from circulation. Nothing has been finalised yet, but the possibility of a burn is clearly getting the market’s attention. AAVE is showing just how powerful tokenomics can become when protocol revenue is connected directly to the token.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 NEW: Aave founder Stani Kulechov says a token burn is being considered for Aavenomics 3.0. https://t.co/BUnBy8u2Ub
Open source