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The AAVE community largely dismissed a proposed token buyback, favoring reinvestment in R&D and innovation, and proper use of treasury funds. The importance of maintaining Aave's leadership in lending protocols was emphasized, with concerns raised about the impact of risk DAO and risk parameters on bad debt.
The discussion primarily revolved around the proposal of an AAVE token buyback, initiated by Venturefounder1. However, this idea was met with opposition from several community members, including MarcZeller, Fig, and MatthewGraham, who collectively argued that the focus should be on reinvestment in R&D and innovation, rather than artificially inflating the token's value2,3,4. Tanyel.eth raised concerns about the current use of the treasury, suggesting it was disproportionately benefiting a select few5. In response, MarcZeller defended the current initiatives, questioning the value and security of the Aave protocol without them6.
The conversation also touched on the impact of the risk DAO and updates to risk parameters on bad debt, with MarcZeller raising pertinent questions6. He further encouraged community members to contribute to Aave's leadership position. Marco_CIAN echoed this sentiment, emphasizing the importance of Aave maintaining its leading position in lending protocols and suggesting the treasury funds be used for Aave's operation, especially considering the uncertain duration of the bear market7.
In conclusion, the community seems to lean towards focusing on reinvestment and innovation, maintaining Aave's leadership position, and ensuring the appropriate use of treasury funds. The idea of a token buyback was largely dismissed, with the consensus being that it would not be beneficial in the long term.
Posted a year ago
Last reply a year ago
Summary updated 2 months ago
Last updated 04/12 00:18