AAVE is the governance token of the Aave protocol, capped at 16M. Holders vote on risk parameters and the treasury and can stake into the Umbrella safety system; under Aavenomics, protocol revenue funds recurring AAVE buybacks.
Tokenomics
Max supply
16.0M
Buyback policy
Aavenomics buys back AAVE with protocol revenue (~$1M/week, ~$50M/yr scale).
Distribution
Migrated from LEND (100:1)77%
Ecosystem reserve23%
- 16M AAVE max supply.
- Stake into Umbrella / Safety Module for backstop rewards.
Metadata
Token typeGovernance
Sub-categoryGovernance Token
IssuerView entity
ChainsArbitrum One
Arbitrum nativeNo
Founded—