Aave Dao votes to maintain it easy, refuses a brand new proposal for token

• Aave Dao refused to launch a brand new token and reaffirmed AAVE as unique administration and usefulness.
• The stations Kolek defined that the proposed token of the horizon will not be an initiative of Aave, however a separate challenge of Avary.
• Aave stays targeted on RWAS integration, however will enhance its strategy primarily based on group suggestions.

Aave Dao spoke: There might be no new token. The decentralized autonomous group (DAO) has achieved consensus that there is no such thing as a important curiosity within the launch of a brand new asset, regardless of discussions about how the brand new token may probably pace up revenue progress via liquidity bootstration.

Why did Aave Dao reject the brand new token?

The stations of Kullek, the founding father of Aave, shared the replace within the X submit, which defined: the staff respects DAO and won’t implement any initiative that lacks robust group assist.

“Total consensus throughout Aave Dao is that different tokens will not be ,“Kolek wrote.”

Clarification across the token horizon

The considerations had been clear. Analyst Mika Honkasalo has raised the issue that AAVE holders can count on future earnings from any new Aave product.

In contrast a state of affairs to an organization issuing a brand new capital for a separate product – a step that may confuse traders about devoted worth.

Token “Horizon”: A separate challenge

Ok Blechov defined that the proposed token Horizon will not be an initiative of Aave. As an alternative, it’s a separate AVARA challenge to acquire a technical license to make use of AAVE infrastructure for a part of what you are promoting.

He acknowledged that there was a spot in anticipation, however assured the group that Aave targeted on the expansion of its ecosystem whereas respecting DAO administration.

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Actual World Technique (RWA) to proceed

Whereas the rejection of the brand new token is closing, Aave is decided to discover the belongings in the true world (RWAS) as a circulate of revenue.

Kolechov pressured that RWA is a vital space of ​​progress for Aave Dao. In consequence, the staff will enhance their strategy primarily based on group suggestions. The intention is to seek out the suitable strategy to combine RWA into the AAVE ecosystem with out endangering decentralization or administration ideas.

Aave stays the core of the token

The assertion of Kullek emphasizes that Aave stays the first administration and utility token of the ecosystem. “There may be solely AAVE,” he mentioned, stressing that the protocol will proceed to deal with strengthening the prevailing token slightly than diversifying new belongings.

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This resolution strengthens the AAVE dedication to decentralized administration and ensures that any future improvement is in keeping with the lengthy -term imaginative and prescient of the group.