Aave DAO Confirms Commitment to Current AAVE Token, Rejects New Proposal for Horizon Initiative

Aave DAO has firmly rejected the new token proposal associated with its Horizon initiative. This decision highlights the DAO’s commitment to preserving the value and integrity of the existing AAVE token.

The Horizon initiative was designed to integrate real-world assets into decentralized finance (DeFi). The goal is to facilitate institutional participation through the introduction of tokenized money market funds.

This rejection demonstrates the DAO’s strategic prioritization of its current assets, ensuring investors remain focused on the potential and growth of the AAVE token without the diversion of new proposals.