According to Foresight News, the official Aave governance page shows that the first AAVE buyback proposal has passed with a 99.63% support rate. The initial buyback budget is $4 million, expected to be executed over one month, with the buyback set to begin on April 10. The proposal mentioned that Aave's complete plan is to repurchase $1 million weekly over the next six months. This initial proposal is just the first step of the buyback plan, and Aave will next complete and deploy the updated Aave Swapper contract, which will be used for future buybacks.
Aave buyback proposal has been passed, and will start buying back $1 million worth of AAVE every week tomorrow
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