> For the complete documentation index, see [llms.txt](https://agp.aevo.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://agp.aevo.xyz/approved-proposals/agp-2-surplus-revenue-buyback-policy/proposal.md).

# Proposal

1. Surplus protocol revenue, defined as revenue remaining after Insurance Fund allocation and the coverage of operating expenses, will be used to buy back $AEVO onchain via the open market.
2. Buybacks will resume with a committed schedule of monthly executions during Q2/Q3 2025 (May to July), each consisting of 1 million $AEVO, matching the amount used in the 2024 buybacks.
3. Further buybacks may be executed by the Treasury & Revenues Management Committee based on the defined parameters and evolving market considerations.
4. $AEVO acquired through buybacks will remain under DAO control and will not be distributed, burned, or otherwise utilized until a separate governance proposal determines its use.
5. A future proposal will address the intended use of the accumulated tokens, which may include, but is not limited to: protocol-owned liquidity (POL), token burns, incentive programs, or strategic reserves.