Aave

Token

Major

EURC

<div class="intro-text">
 Aave Labs founder Stani Kulechov has confirmed that no new token will be introduced for Horizon, Aave’s real-world asset (RWA) initiative, following a clear consensus within the Aave DAO.
</div>
In a March 16<a style="color: #0000ff;" href="https://x.com/StaniKulechov/status/1901090678123176216?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1901090678123176216%7Ctwgr%5Ec34b5bf5aeb10554de08a1c12ae5ed29bc9688d0%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fcrypto.news%2Faave-labs-founder-no-new-token-horizon-rwa-project%2F" rel="noopener noreferrer nofollow"> post on X</a>, Kulechov stated that the DAO had overwhelmingly rejected the idea of launching an additional token, and the development team would respect that decision. The proposal, which included a revenue-sharing model and a potential 15% token allocation to the DAO, sparked concerns within the community that a new token could dilute AAVE’s value and divert attention from its role as the ecosystem’s core governance and utility asset.
<blockquote>
 “Aave DAO is a real DAO, and the consensus will be respected,”
</blockquote>
Kulechov emphasized. He assured the community that while the RWA initiative would continue, the team would explore alternative approaches to achieve its goals without issuing a new token.
Horizon, <a style="color: #0000ff;" href="https://avara.xyz/blog/horizon" rel="noopener noreferrer nofollow">introduced</a> on March 13, aims to connect decentralized finance (DeFi) with institutional finance by allowing tokenized money market funds as collateral for stablecoin loans. Developed under Avara for regulatory compliance, Horizon’s future is uncertain after the token proposal was withdrawn. Aave’s involvement with real-world assets (RWAs) reflects a growing trend, with the on-chain RWA market increasing by 19% to $18.63 billion. The value of tokenized treasuries has risen 400% in the past year, reaching $4.26 billion; <a style="color: #0000ff;" href="https://app.rwa.xyz/" rel="noopener noreferrer nofollow">according</a> to RWA.xyz,
Major institutions, including BlackRock, continue to deepen their involvement in RWAs. On March 13, BlackRock’s tokenized U.S. Treasury fund, BUIDL,<a style="color: #0000ff;" href="https://app.rwa.xyz/assets/BUIDL" rel="noopener noreferrer nofollow"> surpassed</a> $1 billion in assets. Analysts project that the RWA market could reach $16 trillion over the next decade, underscoring its potential to reshape global finance.
Meanwhile, Aave has recently<a style="color: #0000ff;" href="https://defi-planet.com/2025/03/aave-introduces-mica-compliant-eurc-stablecoin-on-base-for-lending-and-borrowing/" rel="noopener noreferrer nofollow"> integrated</a> Circle’s EURC stablecoin on the Base layer-2 blockchain, enhancing its lending platform with new borrowing and collateral options. Users can now borrow EURC or use it as collateral, marking a shift from traditional USD-pegged stablecoins like USDC, DAI, and USDT.
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The post <a href="https://defi-planet.com/2025/03/aave-confirms-no-new-token-for-horizon-as-dao-stands-firm/" rel="noopener noreferrer nofollow">Aave Confirms No New Token for Horizon as DAO Stands Firm</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Aave Confirms No New Token for Horizon as DAO Stands Firm

DeFi Planet

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