Aave DAO posted its 'State of the Union' via ACI with @lemiscate Lots of lessons, more on AAVE buybacks + clear roadmap for what’s next: • DAO sitting on 130M of assets. Already bought back 0.5% of all AAVE supply • ~86.6% of Aave revenue is made on Eth L1 • Suggesting to enshrine AAVE buybacks at 500K– 1M per week • Many Aave instances on L2s / alt-L1s are not economically viable so ACI recommends shutting them down: Scroll, zkSync etc. • Focus only on chains with strategic advantages (CeFi links, strong stablecoin bases, unique users) like @inkonchain and @PlasmaFDN • Friendly forks underperformed or even hurt Aave. E.g. Spark was harmful: low revenue returned, helped competitors • New framework coming: higher revenue share and no fork token launches that compete with AAVE • Lending is a low-margin business (80–95% of revenue goes to LPs), so GHO becomes critical: it makes Aave the LP, captures more spread, and opens new growth channels. • Instances model is obsolete. Prime works but most will be phased out as eModes cover the same use cases • Growth plan: use the 130M treasury for offensive moves: distribution, partnerships, and expansion over the next 18 months(Ignas | DeFi)