Aave DAO Upholds Decentralized Governance, Rejects New Token Proposal

TL;DR Aave DAO rejects the new token proposal for its Horizon initiative, emphasizing the commitment to preserving the value of the existing AAVE token. The Horizon initiative aims to integrate real-world assets into DeFi, facilitating institutional participation through tokenized money market funds. Community concerns over token dilution led to the decision, with Aave Labs affirming, ... source: https://crypto-economy.com/aave-dao-upholds-decentralized-governance-rejects-new-token-proposal/