Aave DAO completed the buyback of 100,000 AAVE and plans to establish GHO credit lines to promote rise.

[Chain News] On October 13, it was reported that since the Aave DAO launched its buyback plan on April 9, it has cumulatively purchased 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%. It is reported that Aave DAO's annual revenue is about twice its annual expenditure, and it plans to use the repurchased AAVE along with treasury assets as collateral to establish a GHO credit line, with funds used for rise plans and repaid with returns. This proposal has not yet entered the voting process.