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Stani Kulechov declared that Aave DAO remains committed to exploring real-world assets but needs to redefine its strategy first
Aave community members supported the rejection of the new token, viewing it as protective of AAVE’s value
The Aave community criticized the introduction of a new token, arguing that it could dilute the existing value of the AAVE token and create confusion among investors about the ecosystem's core asset
Aave DAO rejected the launch of a new token , reaffirming that AAVE remains the sole governance and utility token for its ecosystem
Stani Kulechov confirmed that, based on DAO consensus, plans to launch a new token are not being considered
Aave Labs proposed Horizon, an initiative to enhance institutional adoption of DeFi through real-world asset products, however, the proposal faced backlash from the community

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Aave DAO reaches consensus to reject new token launch

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