Tldr:
- Kuleshov strongly denied reports that AAVE was being sold at a 70% discount, calling the media framing inaccurate.
- All revenues from the Aave Protocol, GHO and the entire product flow into the AAVE token under the Aave Will Win proposal.
- Aave Labs is building Aavenomics 3.0, which features a new automated, non-optional AAVE buyback mechanism.
- Aave targets the entire financial asset market, including real-world assets, beyond the original TAM of cryptocurrencies.
Aave co-founder Stani Kulichov He has moved on To address ongoing discussions around AAVE token sales and the protocol’s revenue model.
In a post on X, Kulechov took issue with what he called inaccurate media framing surrounding Aave Labs and its token allocation.
He confirmed that all protocol revenues and GHO revenues flow into the AAVE token while announcing a new automated buyback mechanism. The protocol currently generates $134 million in annual revenue.
Kulechov rejects discounted sales reports, sets revenue framework
Kuleshov was direct in dismissing reports that AAVE tokens could be sold at a significant discount. Addressing the claim directly, he wrote: “There is no way AAVE is being sold at a 70% discount.”
He then went on to outline the structure that governs all revenue streams within the Aave ecosystem. The Aave Will Win (AWW) proposal, already endorsed by the DAO, forms the backbone of this structure.
Under AWW, 100% of Aave and GHO protocol revenues are directed to the AAVE token. Kuleshov emphasized that the framework also covers all product revenue streams. “AWW also applies to all product revenue, including the Aave App, Aave Pro and Swaps,” he stated. None of this revenue flows to Aave Labs, which acts solely as a service provider for the decentralized autonomous organization (DAO).
He also addressed Aave Labs AAVE code Customization separately. “Many market participants have discussed purchasing, directly or indirectly, through deeper, long-term partnerships,” Kuleshov noted.
This allocation differs from the DAO revenue framework and does not change how the protocol’s profits are distributed to token holders.
On intellectual property, Kulichov was equally clear. He emphasized that “all intellectual property, including the Aave trademark and any software designed for Aave, belongs to AAVE.” Token holders, not Aave Labs, own the rights to these underlying assets under the current governance structure.
Aavenomics 3.0 and Aave’s broader financial ambition
Far from correcting the revenue narrative, Kuleshov pointed to an upcoming upgrade. He revealed that ” ghost The team is designing Aavenomics 3.0, which includes a new automated, non-optional buyback mechanism. He noted that more details will follow in a later announcement, keeping details close for now.
The planned buyback is based on a strong revenue foundation. Aave generates $134 million in annual revenue, all of which flows into the Aave DAO.
This rule enables the DAO to maintain meaningful token buybacks without relying on discretionary decisions from any one party.
Kulechov also expanded the scope of Aave’s stated ambitions. He said Aave is “building not just for the cryptocurrency TAM, but for the entire financial asset TAM, including RWAs.” This framework places Aave alongside traditional financial infrastructure and not just within the DeFi space.
He concluded his remarks with a clear statement about regulatory compatibility. “Everyone is in Avi Labs Written by Aave DAO works for AAVE.
This statement was directed at reassuring token holders that trading and governance structures remain oriented around their interests above all else.
