Aave founder Stani Kulechov is pushing back against fresh speculation about the DeFi protocol’s token, saying he is not selling AAVE at a steep discount and that the protocol’s income remains in the community treasury. He is also hinting at a new version of Aavenomics that would add automated buybacks for the token.
In recent posts, Kulechov said AAVE tokens were not being offered at a 70% discount to market rates. He denied that he had been surreptitiously selling tokens on advantageous terms to outside bidders and said the charges did not reflect how the project manages its finances.
Instead, he stressed that 100% of protocol revenue flows to the Aave DAO. In his comments, he framed this as a core principle of the project’s design: token holders, not any single founder or company, control fees and interest from the lending markets through governance.
Kulechov’s response aims to reassure the community that there is no hidden deal structure undermining the token’s value. It also reinforces the idea that the DAO owns Aave’s cash flows and should manage them transparently.
Aavenomics 3.0 and Automated Buybacks
Alongside his denial, Kulechov teased what he called “Aavenomics 3.0.” He described this next phase as including an automated buyback mechanism for AAVE funded by protocol revenue. In simple terms, the system would use a portion of the fees collected by Aave to purchase AAVE on the market according to rules set by governance.
He indicated that the goal is to create a more direct link between protocol usage and token demand. An automated buyback could steadily return value to long-term holders by reducing circulating supply over time, while keeping all flows governed by the DAO.
Kulechov’s comments suggest that Aavenomics 3.0 will focus on clearer revenue routing, on‑chain transparency, and tighter alignment between Aave’s lending activity and AAVE’s economic profile. The update would build on earlier versions of Aavenomics, which introduced safety incentives and risk‑based rewards for the protocol.
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