[ARFC] Aavenomics Implementation: Part One
Vote Result: YES
Rationale
We’re very much looking forward to the Aavenomics update and the activation of Umbrella.
The AAVE buyback plan especially with real protocol revenue is a compelling one. However, we would like to address @Blockworks.Advisory’s comment and other analysis we’ve read on buybacks and their relative lack of success. We think it is critical for extremely close monitoring of how the buybacks are performing over the first 2-3 months and the strength for the DAO to acknowledge if the program is not working. This was very good analysis and demonstrated clearly that buybacks, especially in crypto, are not fool-proof.
Overall, we will vote YES in favour of this proposal.