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description: AAVE proposes buyback programme, up 20.7% in 24h
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# 03/05 Market overview

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeJn2FYRu1U5h5Bq3dBy4jyAv2QEjy7uJ92lSYwzjsyVpssj7vzJu4j1KORn5QzIQ8qu_PBzFdtWPrAIIdnOt8Hb3oHGtlBEEcIV27x5KmqqCQmpxWFicegxNhxWXWi_k4cENRn5Q?key=K9kUMsAeQppE51VnDdkD7lZl" alt=""><figcaption></figcaption></figure>

The Aave community proposed ‘[Aavenomics Part One](https://governance.aave.com/t/arfc-aavenomics-implementation-part-one/21248)’ yesterday, improving the Aave economic model, including AAVE buybacks and protocol income reorganization. 1 million AAVE will be bought back weekly in the initial phase, and will expand in time.

Based on CoinGecko market data, AAVE is up 20.7% in 24h, now at $205.70. The major tokens have also rebounded, with BTC now at $87,127.29, up 4.8% in 24h. ETH is now at $2,172.49, up 6.7% in 24h.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdp34LTmJswqOKymP78MSjiIE_UYKNkS7W4xGtLauiXOa50jNgDyqHG_yhKDwaAN8r15orLt1L3jsCVe2QvWqu9EUON51uNwJ847X3cd5cLoqVBUX8csUXYr8YPndg5ZOsAp3Z3?key=K9kUMsAeQppE51VnDdkD7lZl" alt=""><figcaption></figcaption></figure>

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