Grayscale: AAVE and JUP Buybacks Lag New Supply Growth
- —AAVE: 3.7% earnings yield, -1.0% tokenholder yield
- —JUP: 3.5% earnings yield, -2.6% tokenholder yield
- —Aave bought 205,000 AAVE in ten months, 1.28% of supply
- —Litterbox Trust has burned about 134 million JUP
Why it matters: The gap shows buybacks failing to offset dilution, a signal investors may reprice DeFi tokenomics and unlock schedules.
Source: Coindoo