Discover Aave's latest tokenomics update and how it boosted the market by 30%. Learn about the proposal to enhance the AAVE token value and reward users.
Since mid-2024, Aave’s cash reserves have surged by 115% to $115 million. Aave DAO recently proposed a new plan to enhance the value of AAVE token and reward users, leading to a 28% price growth in the last 24 hours. The ‘Aavenomics’ update aims to increase rewards for AAVE holders and introduce Anti-GHO token. Aave DAO also suggests a token buyback program to purchase $1 million AAVE weekly from the open market. Technical enhancements like the Umbrella system are introduced to protect users from market crashes. These changes aim to increase user participation and attract new users.
