The founder of Aave has verified that there will be no new token introduced for the Horizon Initiative.

Aave, a leader in DeFi lending, is considering the Horizon platform for its real-world asset (RWA) protocol. Aave Labs has stated that it does not intend to introduce new tokens related to the Horizon project. Stani Kulechov, the founder of Aave Labs, has recently revealed important information regarding the planned Horizon product. Kulechov stated that there are no intentions to launch a new token for the Horizon initiative, referencing the DAO consensus. This explains why Aave does not require an additional token. On March 16, the Founder shared the announcement in a post on X. His remarks arise during intense discussions regarding Horizon’s proposal. Aave Labs has introduced Horizon, a new project aimed at developing an institutional Decentralized Finance (DeFi) product. A Temperature Check was conducted to gather feedback from the community regarding the launch of Horizon’s Real World Assets (RWA) product. A section of the proposal that is currently controversial indicated that Aave DAO could be allocated 15%. Alongside a revenue-sharing plan in the event of a new token’s creation, industry specialists promptly voiced worries that such a token might siphon value away from the current AAVE asset. They contend that introducing a new token would weaken AAVE’s position as the exclusive governance and utility token.