On April 9, according to the Aave official governance page, the Aave DAO's proposal to authorize 4 million USD equivalent of aEthUSDT to the Finance Committee (AFC) for launching the first phase of the Aavenomics buyback and distribution plan was approved. The plan aims to repurchase AAVE from the open market and distribute it to the ecosystem reserve, thereby enhancing governance incentives and protocol health.

This initial authorization will support buyback operations for approximately one month, while also reserving buffer time for deploying new Aave Swapper contracts. The complete plan is expected to be implemented over six months at a pace of up to 1 million USD per week.

The proposal enables the AFC to begin executing the first phase of the buyback plan, approving 4 million USD of aEthUSDT for approximately one month of AAVE repurchases.

By setting an authorization limit instead of direct transfer, the proposal ensures fund safety while allowing the AFC to efficiently execute buybacks within the governance-approved scope, helping to steadily advance the implementation of Aavenomics.