{"id":22135,"date":"2025-03-17T13:27:42","date_gmt":"2025-03-17T11:27:42","guid":{"rendered":"https:\/\/forklog.com\/en\/aave-founder-rules-out-token-launch-for-horizon-initiative\/"},"modified":"2025-03-17T13:27:42","modified_gmt":"2025-03-17T11:27:42","slug":"aave-founder-rules-out-token-launch-for-horizon-initiative","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/aave-founder-rules-out-token-launch-for-horizon-initiative\/","title":{"rendered":"Aave Founder Rules Out Token Launch for Horizon Initiative"},"content":{"rendered":"<p>The launch of a token under the Horizon initiative, focused on integrating RWA and DeFi, is not planned. This was stated by Aave founder Stani Kulechov, citing DAO consensus on the matter.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Overall consensus across the Aave DAO is that there is no interest on other tokens. The consensus will be respected, Aave DAO is a real DAO. RWA exploration will continue once a right approach is found.<\/p>\n<p>There is only <a href=\"https:\/\/twitter.com\/search?q=%24AAVE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$AAVE<\/a>. <a href=\"https:\/\/t.co\/tQSb51gmvw\">pic.twitter.com\/tQSb51gmvw<\/a><\/p>\n<p>\u2014 Stani.eth (@StaniKulechov) <a href=\"https:\/\/twitter.com\/StaniKulechov\/status\/1901090678123176216?ref_src=twsrc%5Etfw\">March 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In March, Horizon was <a href=\"https:\/\/www.theblock.co\/post\/346075\/aave-horizon\">presented<\/a> as a licensed fork of Aave with its own configuration for the institutional market.<\/p>\n<p>During a \u00ab<a href=\"https:\/\/governance.aave.com\/t\/temp-check-building-horizon-s-rwa-product-an-aave-licensed-instance-for-institutions\/21384\">temperature check<\/a>\u00bb, community members rejected a proposal that implied a 15% distribution and revenue sharing in the event of a new coin&#8217;s creation.<\/p>\n<p>This raised concerns that the emergence of an additional asset would undermine the value of AAVE and its positioning as the sole governance and utility token.<\/p>\n<p>Kulechov stated that developers would adhere to the consensus. Community members welcomed the decision.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">glad this got resolved, aave turned out to be more decentralized than i thought <\/p>\n<p>simple rule:<\/p>\n<p>if a net new team builds on your protocol and airdrops some % of the new token supply to tokeholders = net positive<\/p>\n<p>if the core contributing team develops a new project with a new\u2026 <a href=\"https:\/\/t.co\/XEwWK5bwG5\">https:\/\/t.co\/XEwWK5bwG5<\/a><\/p>\n<p>\u2014 lito (@litocoen) <a href=\"https:\/\/twitter.com\/litocoen\/status\/1901210336696352978?ref_src=twsrc%5Etfw\">March 16, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abGlad this got resolved. Aave turned out to be more decentralized than I thought,\u00bb reacted Lito Coen from Socket Protocol.<\/p>\n<\/blockquote>\n<p>Following the cancellation of the token issuance plan, the deployment of Horizon remains uncertain.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abRWA exploration will continue once a right approach is found,\u00bb<\/em> Kulechov reported.<\/p>\n<\/blockquote>\n<p>Back in July, DAO participants<a href=\"https:\/\/forklog.com\/en\/news\/aave-token-surges-amid-protocol-economic-changes\"> launched<\/a> and subsequently approved a proposal to redistribute transaction fees to purchase AAVE on the secondary market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The launch of a token under the Horizon initiative, focused on integrating RWA and DeFi, is not planned. This was stated by Aave founder Stani Kulechov, citing DAO consensus on the matter. Overall consensus across the Aave DAO is that there is no interest on other tokens. The consensus will be respected, Aave DAO is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1093,1308,596],"class_list":["post-22135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-defi","tag-rwa","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22135"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22134"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}