Well, folks, gather ’round! Aave Labs’ very own Stani Kulechov has just dropped a bombshell: no new token for Horizon! 🎉 That’s right, Aave’s big plan to mix real-world assets with decentralized finance is going to be token-free! Who knew?
In a post on X (formerly known as Twitter, because why not?), Stani declared on March 16 that the Aave (AAVE) DAO has unanimously decided that launching another token is about as popular as a root canal. And guess what? The development team is all in on this decision! Horizon was just announced on March 13, aiming to bring RWAs into DeFi while keeping the suits happy. 🕴️💼
“Overall consensus across the Aave DAO is that there is no interest in other tokens. The consensus will be respected, Aave DAO is a real DAO. RWA exploration will continue once a right approach is found.
There is only $AAVE.”
— Stani.eth (@StaniKulechov) March 16, 2025
Now, let’s talk turkey! The proposal had a revenue-sharing model and a potential 15% token allocation to the Aave DAO. But many in the community were like, “Hold your horses! A new token could make AAVE’s value drop faster than a hot potato!” 🥔💨
Some of the big brains in the developer community have raised their eyebrows, suggesting that we should find other ways to rake in the dough and keep the liquidity flowing. Stani, being the good sport he is, said Aave Labs will respect the DAO’s wishes and move on without a new token. Talk about a team player! 🙌
And let’s not forget, the Aave DAO is a fully decentralized organization where the community calls the shots. So, if you thought you could just waltz in and change things, think again! 💃🕺
With the token proposal tossed out like last week’s leftovers, Horizon’s future is as clear as mud. The original plan was to connect DeFi with institutional finance by allowing tokenized money market funds to be used as collateral for stablecoin loans. Sounds fancy, right? 💰
It was supposed to be developed under the Avara umbrella, ensuring that everything is above board while keeping DeFi’s charm intact. But hey, who needs charm when you have regulations? 😏
Aave’s potential leap into RWAs is right on time with the industry’s explosive growth. According to RWA.xyz, the on-chain RWA value has skyrocketed 19% in just a month to a whopping $18.63 billion! And on-chain treasuries? They’ve shot up 400% in the past year to $4.26 billion! Talk about a financial rollercoaster! 🎢
Tokenized assets are getting the big bucks from top dogs like BlackRock. Just on March 13, BUIDL, BlackRock’s tokenized U.S. Treasury fund, hit over $1 billion! Analysts are saying the RWA market could balloon to $16 trillion in the next decade. That’s a lot of zeros! 💸💸💸
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2025-03-17 12:04