The Aave Dao has reached a consensus. According to the CEO of Aave Labs, the DAO is currently not looking for tokens other than Aave.
The unanimous decision came through a consensus among members of the DAO. A decentralized autonomous organization (DAO) runs on “decentralized” authority, so that decisions are usually never made by one person.
More details about the consensus
Stani Kulechov, the CEO of a laboratories, announced that the consensus will be respected, because a DAO does not have a DAO not alone in name. According to Stani, this means that the team is not trying to push a different agenda than the decision of the DAO.
Stani Kulechov, CEO of a laboratories, shares a message with the Aave Dao after they have reached a consensus about token investment. Source: Stani Kulechov (X/Twitter)
Regarding the promise to take RWA exploration more seriously, Stanis’ Post ensures that it will continue, but only when they find the right approach.
“There is only $ aave,” he wrote as he ended his position.
The decision of the DAO to return and return to the Whiteboard with regard to RWA exploration is not only a smart, but also proof of the strategic (or careful) interest of a DAO in the budding crypto sector.
Just focusing on Aave means that the Aave Dao does not have to manage the risks associated with portfolio diversification.
Under the commentary part of Stani’s Post in which the consensus and the team of the team to honor it announced, interested parties weighed their opinion.
Although many praised the decision of the DAO to concentrate on Aave alone, there was a little more critical comments. One of them wondered why the RWA exploration was placed on a back burner and also pointed out that adding value to the AaVee -token should not be something they just agree on.
Another user stated that it made no sense to make another token and implied that “extracting value from Aave” would be the ultimate performance.
In general, the community agrees with the consensus and it is happy that RWA exploration is still on the table, even if it is not a priority now.
The news comes shortly after Aave Labs has announced the Horizon launch
One reason why many may be surprised that RWA exploration is currently not the priority of the DAO is that Aave Labs has launched a new initiative with the name Horizon, and the aim is to improve the integration of Institutional Real-World Assets (RWAS) in Defi.
Aave made the announcement on 13 March, and according to reports, the project aims to bridge the open financial ecosystem of Defi with the structured needs of institutional power expenses, creating infrastructure that encourages a broader participation in financing to the chain.
Project Horizon will be in accordance with institutional compliance requirements and will remain true to the efficiency and transparency of Defi. It essentially introduces a structured route for institutions and tokenization platforms to use decentralized financing without concern.
One of the core characteristics of Horizon is that institutions will be able to use tokenized money market funds (MMFs) as collateral when borrowing stablecoins. It also has future plans to extend to other forms of RWAs and to improve the institutional access to Defi -Liquidity.
The CEO of Aave Labs, Stani Kulechov, has pointed out in the past that Defi lacks the necessary infrastructure to cope with large -scale institutional participation, although that is the endgame.
Two -year graph of Tokenized American treasury. Source: rwa.xyz
According to him, Project Horizon, wise from lessons from an Aave -Boog, is able to improve institutional access to permissionless Stablecoin -Liquidity.
To support the initiative, Aave has proposed to launch a recognized copy of the Aave protocol via the Aave Dao and it will be the basis for all projects under the Horizon initiative.
The RWA solution from Horizon starts as an operation under a V3 as a recognized copy, but will eventually switch to a custom Aave V4 implementation if available.
Horizon will also implement a profit -sharing mechanism for long -term sustainability, so that 50% of its first -year sales are assigned to the Aave Dao. Additional incentives will also be introduced to encourage a wider acceptance of ecosystem.
The interest of RWAS laboratories takes place in the midst of considerable growth in the sector. According to RWA.XYZ, the total value of RWAS on-chain has risen by more than 17% in the past month and reached up to $ 18.13 billion.
The number of unique power holders has also risen by 5%and exceeds 89,818. A critical expansion area is on-chain treasuries, which are now good for a TVL of $ 4.22 billion, as a result of an increase of 400% on an annual basis.
Despite all that growth, experts still see a lot of potential in Rwas. Many predict that the RWA sector can scale up to $ 16 trillion over the next decade, which emphasizes the growing presence in global finances. The trend has been noticed by large institutions such as BlackRock, which have already published considerable tokenized assets through its buid -product.
Other institutions such as BlackRock that have shown a lot of interest in the RWA sector are JPMorgan, Citigroup, UBS, Franklin Templeton and Goldman Sachs.
These organizations do it for their own respective reasons. JPMorgan, for example, has a pioneer in RWA-Tokenization through his Onyx platform and has processed more than $ 900 billion in tokenized assets, while Franklin Templeton embraces RWAS by launching tokenized money market funds and exploring blockchain-based property management.
