Aave DAO rejected the launch of a new token , reaffirming that AAVE remains the sole governance and utility token for its ecosystem

Claim
News event

Description

​The Aave Decentralized Autonomous Organization (DAO) has reached a consensus to reject the introduction of a new token for its ecosystem. This decision reaffirms that AAVE will remain the sole governance and utility token within the Aave protocol.

Event date

Mar 16, 2025 - 12:00am

Quotes that support claims

“Overall consensus across the Aave DAO is that there is no interest in other tokens,” Kulechov wrote.
The Aave DAO has reached a consensus. According to Aave Labs’ CEO, the DAO is not currently looking to invest in tokens other than AAVE.

Tags

03/16/2025
Week 11 of 2025