Aave founder: No new token will be created for Horizon
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According to The Block, Aave founder Stani Kulechov stated that he will not create a new token for Aave's proposed product Horizon. The proposal page shows that if a token is created, the Aave DAO may receive a 15% allocation and revenue sharing arrangement. However, many opposing users believe that a new token could dilute the value of the existing AAVE token and undermine AAVE's status as the sole governance and utility token.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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