Aave Labs founder Stani Kulechov has confirmed that no new token will be made for Horizon, the initiative of Aave to integrate Real-World assets into decentralized financing.
According to Kulechov’s 16 March post on X, the Aave (Aave) Dao has reached a clear consensus against the launch of an extra token for horizon, and the development team will respect this decision. Horizon was announced On March 13 as a means to integrate RWAS into Defi and at the same time to meet institutional standards.
The proposal contained a model for sharing income and a possible allocation of 15% token to the Aave Dao. According to many in the community, a new token can weaken the value of Aave and the focus of his role as the primary administration of the ecosystem and the utilities.
Prominent developers and members of the community have expressed their concern, which suggests that alternative strategies must be used to generate income and liquidity. Kulechov responded by stating that Aave Labs would honor the position of the DAO and move forward without giving a new sign.
Moreover, he emphasized that the Aave DAO functions as a fully decentralized organization in which members of the Community board make decisions.
Since the token proposal was deleted, the future of Horizon is still uncertain. The first goal of the project was to connect Defi and institutional financing by having Tokenized Geldmarkt Funds be promised as security for Stablecoin loans.
It had to be developed as a licensed copy of Avara paraplu, whereby compliance with regulation was guaranteed while maintaining the efficiency and transparency of Defi.
The future access from Aave to Rwas corresponds to the explosive growth of the industry. According to facts From RWA.XYZ, the RWA value on-chain rose by 19% in the past month to $ 18.63 billion. The value of treasuries on-chain alone has risen by 400% to $ 4.26 billion in the past year.
Tokenized assets continue to register important investments from leading settings such as BlackRock. On March 13, Buidl, BlackRock’s tokenized US Treasury Fund, $ 1 billion. According to analysts, the RWA market has the potential to grow to $ 16 trillion in the following decade, which emphasizes its potential as an important force in global financing.
