Big news for Aave, a place where people can borrow and lend money using cryptocurrency! They're making some important changes to how things work. This is a really big deal for Aave, helping it to grow and become even better.
- Aave is getting a big upgrade to make it better and safer.
- They're creating a special team to manage money and make sure everything runs smoothly.
- Aave will buy back some of its own cryptocurrency to make it more valuable.
- A new system called 'Umbrella' will protect against risks and make it safer for everyone.
- They're also making changes to how rewards are given out.
| Fact | Number |
|---|---|
| Aave's money reserves | $115 million |
| Weekly AAVE buyback | $1 million |
| Annual liquidity costs (before Umbrella) | $27 million |
| AAVE tokens reclaimed | 320,000 (worth ~$65 million) |
