Time to check in on Aavenomics.
โ Buybacks are still rolling, with nearly 0.5% of the total supply already repurchased from protocol revenue.
โ $AAVE emissions keep falling, now at 390 $AAVE per day across stkAAVE, stkABPT, and stkGHO (currently 0 for stkGHO). At the current price of $325, buybacks cover ~119% of annual emissions.
โ Since buybacks have exceeded emissions, the $AAVE circulating supply is now deflationary, with about a 0.18% yearly reduction in total supply.
And it should only improve, with further cuts planned until emissions hit 0.
After that, weโll see about redistributions ๐
@DrPayFi To give users flexibility, could consider announcing Option 2 with a 14-day notice period before it takes effect. This lets them adjust their stakes (unstake or stake more) during the transition.
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@DrPayFi Yield is yield. However, what distinguishes PayFi from other types of yield is the yield is coming short term movement of money. Fundamentally, PayFi is backed by # of transactions which requires capital velocity