Aura Finance Proposes $1M Treasury Buyback Plan

🔒 Treasury Wants To Burn $AURA

By Aura
Dec 30, 2024, 2:23 PM
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A new proposal on Aura's snapshot suggests using $1M from the treasury to buyback and permanently lock $AURA tokens, which would remove 2% of the total supply from circulation.​

Key points:

  • Plan targets acquiring ~2M $AURA tokens via CoWSwap limit orders
  • Purchase range set between $0.​45-$0.​50 over four weeks
  • vlAURA position currently earning 50-80% vAPR
  • Generated yield would fund operations
  • Strategy aims to eliminate future AURA sell pressure

The proposal comes as Aura demonstrates growing strength, controlling 68% of veBAL and seeing increased protocol fees, with November recording $335,061 in auraBAL purchases.​

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