Aave Labs founder clarified: Based on the DAO consensus, there is no plan to launch new tokens

PANews March 17th news, according to The Block, Aave Labs founder Stani Kulechov clarified on Sunday that he would not create new tokens for Aave's proposed product Horizon.

The company recently proposed Horizon, aiming to integrate real-world assets into decentralized finance, sparking debate in the Aave community. Temperature Check invites the community to provide feedback on Horizon's RWA product launch for institutions. The controversial part of the proposal suggests that if the token is created, Aave DAO may receive a 15% distribution as well as a revenue sharing arrangement. This raises concerns: new tokens may dilute the value of existing AAVE tokens and undermine the focus of AAVE as the sole governance and practical token. The opposition was so strong that Marc Zeller, who was of Aave Chan Initiative, publicly stated that he would not support the proposal in the current form. Kulechov clarified the situation to X, saying Aave DAO is not interested in introducing additional tokens, and developers will respect that consensus. Due to the cancellation of the token plan, it is not clear whether Aave Labs will continue to deploy Horizon.