Aave DAO has cumulatively repurchased 100,000 AAVE and plans to use them as collateral to initiate GHO credit.
PANews reported on October 13 that since Aave DAO launched its buyback program on April 9, it has accumulated the purchase of 100,000 AAVE at an average price of approximately $239.35, with a total cost of about $24 million and a current value of about $25.1 million, resulting in an overall return of approximately 4.36%. According to TokenLogic, Aave DAO's annual revenue is about twice its annual expenditure. It plans to use the repurchased AAVE and treasury assets as collateral to open a GHO credit line, with the funds to be used for growth initiatives and repaid with returns. This proposal has not yet entered the voting process.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Whale Bets $900M Against BTC and ETH
Quick Take Summary is AI generated, newsroom reviewed. A massive Bitcoin whale opened $900M in short positions on BTC and ETH. The whale holds over $11B in assets, signaling significant market influence. Analysts are divided — some call it a hedge, others see it as a bearish bet. The move could trigger volatility across BTC and ETH market trends.References 🚨NEW: A massive $11 BILLION Bitcoin whale just opened $900M in short positions on $BTC and $ETH.
Ethereum ETFs Post $429M Outflow, Bitcoin $327M, IBIT Gains
Quick Take Summary is AI generated, newsroom reviewed. Ethereum ETFs hit a $429M outflow, led by BlackRock's ETHA with a nearly $310M withdrawal. Bitcoin ETFs had a $327M outflow, but BlackRock's IBIT was the sole fund to record a net inflow. The outflows reflect a period of profit-taking and caution amid macro uncertainty. High trading volume and IBIT's performance suggest strategic repositioning over a complete market exit.References On October 13, Ethereum spot ETFs recorded a total net outflow of $429
BlackRock Clients Offload $303.82 Million in Ethereum Holdings
Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients sold $303.82 million in Ethereum, signaling significant institutional profit-taking or reallocation. The sell-off occurred despite Ethereum ETFs recording $3.38 billion in trading volume in 24 hours. Institutional investors currently favor Bitcoin, which saw much stronger inflows than Ethereum products last week. BlackRock's iShares Ethereum Trust (ETHA) maintains market dominance, leading all ETH ETFs by total value.References JUST I
Even gold and silver couldn't hold up: global stock markets and cryptocurrencies plunge, "all assets are falling"
Market sentiment reversed sharply, with global stock markets collectively declining on Tuesday. Gold, silver, and copper retreated, and cryptocurrencies experienced a widespread drop.
Trending news
MoreCrypto prices
More
