# Introduction

Following the approval of AGP-1 and AGP-1.5, surplus protocol revenue has been used to perform $AEVO buybacks. This direction was publicly communicated in a[ blog post dated June 26, 2024](https://aevo.mirror.xyz/sf8XAgRzl1cQ-GD6ZFwIryLDu22ndkl60w2wVDnxjcc), which outlined the rationale for initiating buybacks as a flexible approach to surplus revenue allocation. The tokens acquired through these buybacks have remained under Treasury control and have not been utilized.

This proposal formalizes the current use of surplus revenue for buybacks, acknowledges actions taken to date, and defers any decision on the use of the acquired tokens to a future governance process.


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