Aave confirms no new token for horizon, only $ aave

Aave RWA Aave’s Horizon initiative aims to redefine decentralized finance by integrating tokenized real-world assets, but rejecting a new token raises critical questions about balancing innovation with ecosystem stability. Last updated: March 17, 2025 Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in... Author Profile Share Copied Last updated: March 17, 2025 at 16:01 GMT+2 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Aave Labs founder Stani Kulechov has confirmed that Horizon, the protocol’s latest initiative focused on integrating real-world assets (RWAs) into decentralized finance (DeFi), will not introduce a new token. This decision follows a clear consensus from the Aave DAO, which opposed the idea of launching a separate token for Horizon. Instead, the DAO reaffirmed its commitment to maintaining $AAVE as the ecosystem’s primary governance and utility asset. The announcement came via Kulechov’s March 16 post on X, which mentioned that the Aave DAO operates as a truly decentralized organization and that its governance decisions will be honored. The rejection of a new token aligns with concerns raised by the community and developers, who argued that an additional token could dilute the value of... https://cryptonews.com/news/aave-confirms-no-new-token-for-horizon-only-aave/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #bitcoinlegend ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple