AAVE DAO, the decentralized independent organization that oversees the AAVE- one of the largest Defi DAPPS in the world-rejected a proposal to create a new Ferizon symbol, a real asset symbol (RWA) project proposed by AAVE LABS, the development team behind the Defi Protocol.
In a post on X, the founder of AAVE Stani Kulechv confirmed that a new RWA project will not be created after Strong Opposition From society.
The general consensus via AAVE DAO is that there is no interest on other symbols. Consensus will be respected, AAVE DAO is a real Dao. RWA will continue to find the right approach.
Only there $ AAVE. pic.twitter.com/tqsb51gmvw
– Stani.eth (@stanikulechov) March 16, 2025
The opposition of the new symbol and its active participation represents a major moment in the decentralized rule. This highlights that, despite the decline in the focus on DAO systems, some projects are still estimated in the inputs of society, and they are completely compatible with the Blockchain principles.
More importantly, the idea failed in the “temporary examination” stage, where the proposals are discussed for the first time between holders of the distinguished symbol before moving to the next stage, AAVE request for final comments (ARFC), to improve.
Later, the proposal is usually completed as a proposal to improve AAVE (AIP) before society votes either to pass or reject it.
AAVE DAO refuses to create a new RWA icon: What is Horizon Crypto?
Horizon is an AAVE project that seeks to bridge the distinctive symbol sector that is likely to be billions of dollars with Defi, and to create products designed for institutions.
Specifically, Horizon allows institutions to use distinctive money market boxes as a guarantee if they want to borrow USDC or GHO Stablecoins. It will start initially on AAVE V3 but it is planned to deport to the V4 later.
The community was expected to discuss the profit distribution system, which would allocate 50 % of the revenues for AAVE DAO in the first year, as it decreased to 10 % after four years.
In addition, the community needed to address the release of a new governance symbol, an idea that immediately sparked the members of the AAVE community and AAVE holders.
Fears have arisen that the launch of a new governance code will undermine the benefit of the OG symbol, which works as a symbolic court and is already one of Best purchase in 2025.
Through a new horizon symbol, it was very likely to weaken the role of AAVE in the AAVE ecosystem, which changes the focus away from the current ecosystem.
Moreover, there have been fears that the new symbol would provide unnecessary complications, which may turn the decision -making force away from AAVE holders.
What next?
While the idea of the new symbol was rejected, AAVE is still going in its original plan to create new institutions to target the RWA project.
This batch is difficult for the distinctive symbol sector, as billions of dollars are already on the chain, and it mainly trades on ETAREUM, Tron and Polygon. There is more on Solana, a platform that hosts some of The best highly risk sheets and high control for purchase in 2025.
For example, Tether, the USDT source, intensified more than $ 143 billion of distinctive symbols across multiple chains. In total, More than 235 billion dollars Stablecoins has been released through various projects, according to CONINECKO data.
At the same time, according to rwa.xyzMore than $ 18.6 billion of RWAS is designed with most of these US Treasury codes.
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One of the leading platforms is Oondo, which also launched the Oondo series in February. Like Horizon, Ondo Chain aims to integrate Defi with RWAS, target institutions while compliance with current laws. Analysts say the distinctive symbol is among the best new cryptocurrencies that are considering investing in 2025.
Main meals
- AAVE DAO rejected the symbol of the horizon due to the opposition of society, and to protect the role of AAVE
- Horizon aims to integrate RWAS into Defi, target institutions with a money money market
- Despite the rejection, AAVE continues to develop RWA, as it is in line with the growing symbol sector with billions of billions
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