Aave Livestream: Coinbase Tokenized Stocks Go Live on V4, Aavenomics 3.0 Will Resume AAVE Buybacks
During Aave's official quarterly live stream on X on October 22, Aave founder Stani Kulechov stated that Aavenomics 3.0 will be launched soon, which includes AAVE buyback, staking, and burning mechanisms, with repurchases set to resume.
Additionally, seven of Coinbase's tokenized stocks have been listed on Aave V4 Equities Hub on the Base network and can be used as collateral to borrow USDC. Currently, it is only accessible to eligible non-US users. Initial deposits at launch were approximately $9.6 million.
In terms of Q3 data, the DAO generated revenue of approximately $18.9 million and net profits of around $4 million. Total deposits grew by 41% to reach approximately $33.6 billion, while active loans increased by 32% to about $13.2 billion.
