• Aave Dao refused to launch a brand new token and reaffirmed Aave as its sole governance and utility asset.
• Stani Kulechov revealed that the proposed Horizon token just isn’t an Aave initiative, however a separate undertaking by Avara.
• Aave focuses on RWA integration, however refines its strategy primarily based on neighborhood suggestions.

Aave Dao spoke: There aren’t any new tokens. The Decentralized Autonomous Group (DAO) has reached a consensus that there isn’t any important curiosity in launching new property regardless of debate over the chance that new tokens might probably drive income progress by means of liquidity bootstrap.

Why did Aave Dao reject the brand new token?

Aave founder Stani Kulechov shared the replace in X’s submit. This has been made clear. The workforce respects DAO’s selections and won’t push for initiatives that lack robust neighborhood assist.

“The general consensus for Aave Dao as a complete is that there isn’t any curiosity in different tokens.“written by Krekov.

Descriptions round Horizon Token

The priority was clear. Analyst Mika Honkasaro raised the query that Aave holders could anticipate future income from any new merchandise related to Aave.

He in contrast the scenario to an organization that points new shares in one other product – a transfer that may disrupt buyers reality worth.

“Horizon” token: one other undertaking

Kulechov revealed that the proposed Horizon token just isn’t an Aave initiative. As an alternative, that is one other undertaking by Avara, aimed toward acquiring a know-how license to make use of Aave’s infrastructure as a part of the enterprise.

He acknowledged the hole in expectations, however reassured the neighborhood that Aave’s focus is on ecosystem progress whereas respecting DAO governance.

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Actual World Belongings (RWA) Technique for Continuity

Whereas the rejection of the brand new token is last, Aave continues to be dedicated to researching real-world property (RWAS) as income streams.

Kulechov emphasised that RWA is a crucial progress space for Aave Dao. Because of this, groups enhance their strategy primarily based on neighborhood suggestions. The purpose is to seek out the proper technique to combine RWA into the Aave ecosystem with out undermining decentralization and governance ideas.

Aave continues to be a core token

Kulechov’s assertion emphasizes that Aave stays the primary governance and utility token of the ecosystem. “There’s solely Aave,” he stated, emphasizing that the protocol will proceed to give attention to strengthening present tokens moderately than diversifying into new property.

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This choice strengthens Aave’s dedication to decentralized governance and ensures that future improvement is according to the neighborhood’s long-term imaginative and prescient.