🔥 AAVE buybacks have been paused for six months. Stani says 3.0 will bring “buybacks + staking + burns” together—but don’t get too excited just yet

During Aave’s quarterly livestream on October 22, founder Stani revealed that Aavenomics 3.0 will include AAVE buybacks, staking, and a burning mechanism.

Sounds promising, but let’s look at a few pieces of context together:

🔹 Buybacks have been paused since the rsETH incident on April 19—nearly six months now
🔹 After the incident, the DAO pledged 25,000 ETH to DeFi United to cover losses, while Mantle separately arranged a credit line of up to 30,000 ETH
🔹 There’s also a proposal on the forum to cut the annual buyback budget from around $50 million to around $30 million
🔹 Revenue, on the other hand, is holding up well: one researcher found that at least 10 of Aave’s revenue streams have each generated over $1 million this year

My take:
“Buybacks” and “burns” are two different things. Some have pointed out that tokens currently bought back go into the treasury and may be gradually issued again later; burning is what permanently removes tokens from circulation. So whether 3.0 is worth getting excited about doesn’t hinge on whether it includes all three buzzwords, but on three numbers:

1. How much money is actually spent on buybacks each year
2. What proportion of the tokens bought back is burned directly
3. Whether staking rewards come from the protocol’s actual revenue or from token issuance

For now, this is just a verbal announcement on a livestream. No details or timeline have been released yet, and the money needed to plug the hole will also have to come out of revenue. It’s wiser to wait for the full proposal and run the numbers than to rush in just because you heard the word “burn.”

What do you think: do buybacks and burns for DeFi tokens return real value, or are they just another round of storytelling? Let’s discuss in the comments 👇

#AAVE #DeFi #代币经济 #BuybackAndBurn