BREAKING
330d 21h ago

Aave Co-Founder Stani Announces Horizon Product Launch Amid Community Concerns Over Potential New Token

AAVE

AAVE/USDT

$113.92
+0.72%
24h Volume

$187,475,884.18

24h H/L

$115.79 / $112.10

Change: $3.69 (3.29%)

Funding Rate

-0.0040%

Shorts pay

Data provided by COINOTAG DATALive data
AAVE
AAVE
Daily

$114.18

0.18%

Volume (24h): -

Resistance Levels
Resistance 3$147.4891
Resistance 2$123.2415
Resistance 1$115.4683
Price$114.18
Support 1$113.8867
Support 2$100.924
Support 3$92.25
Pivot (PP):$113.8033
Trend:Downtrend
RSI (14):33.4

On March 16th, Aave’s co-founder Stani Kulechov made headlines with the announcement of their latest initiative, the **RWA product Horizon**. While the project aims to innovate, there are whispered concerns regarding the potential introduction of a **Horizon token** among the community. Notably, a significant discussion point is that 15% of any prospective token’s profits would be directed towards the **Aave DAO**.

The community’s response has been one of skepticism, with key figures such as **0xLouisT**, an investment partner at L1D, labeling the creation of a new token as a potential **scam** that could undermine Aave’s intrinsic value. On addressing these concerns, Stani reassured members that the Aave DAO’s prevailing sentiment is against the introduction of additional tokens. He emphasized a commitment to explore **real-world assets (RWAs)** in a manner that honors the integrity of the existing **AAVE token**.

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