Aave has moved to automated AAVE buybacks under Aavenomics 3.0, following an earlier discretionary buyback program that purchased more than 205,000 AAVE.

According to NS3.AI, Aave governance also reduced the annual buyback budget to approximately $30 million from about $50 million.

The update is tied to the “Aave Will Win” framework, under which 100% of revenue from the Aave Protocol, GHO, and Aave-branded products is directed to the DAO treasury.