Aave DAO Votes to Keep It Simple, Rejects New Token Proposal
- Aave DAO has rejected launching a new token, reaffirming AAVE as the sole governance and utility asset.
- Stani Kulechov clarified that the proposed Horizon token is not an Aave initiative but a separate project by Avara.
- Aave remains focused on integrating RWAs but will refine its approach based on community feedback.
The Aave DAO has spoken: there will be no new token. The decentralized autonomous organization (DAO) reached a consensus that there is no significant interest in launching a new asset, despite discussions on how a new token could potentially accelerate revenue growth through liquidity bootstrapping.
Why Did the Aave DAO Reject a New Token?
Stani Kulechov, founder of Aave, shared the update in a post on X, making it clear: the team respects the DAO’s decision and will not push forward any initiative that lacks strong community backing.
“Overall consensus across the Aave DAO is that there is no interest in other tokens,” Kulechov wrote.
Clarifications Around Horizon Token
The concerns were clear. Analyst Mika Honkasalo raised the issue that AAVE holders might expect future earnings from any new product associated with Aave.
He lik…
The post Aave DAO Votes to Keep It Simple, Rejects New Token Proposal appeared first on Coin Edition.
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Aave DAO Votes to Keep It Simple, Rejects New Token Proposal
- Aave DAO has rejected launching a new token, reaffirming AAVE as the sole governance and utility asset.
- Stani Kulechov clarified that the proposed Horizon token is not an Aave initiative but a separate project by Avara.
- Aave remains focused on integrating RWAs but will refine its approach based on community feedback.
The Aave DAO has spoken: there will be no new token. The decentralized autonomous organization (DAO) reached a consensus that there is no significant interest in launching a new asset, despite discussions on how a new token could potentially accelerate revenue growth through liquidity bootstrapping.
Why Did the Aave DAO Reject a New Token?
Stani Kulechov, founder of Aave, shared the update in a post on X, making it clear: the team respects the DAO’s decision and will not push forward any initiative that lacks strong community backing.
“Overall consensus across the Aave DAO is that there is no interest in other tokens,” Kulechov wrote.
Clarifications Around Horizon Token
The concerns were clear. Analyst Mika Honkasalo raised the issue that AAVE holders might expect future earnings from any new product associated with Aave.
He lik…
The post Aave DAO Votes to Keep It Simple, Rejects New Token Proposal appeared first on Coin Edition.
Read More
Federal Reserve Leadership Speculation Impacts Cryptocurrency Markets