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The Aave DAO has spoken: there will be no new token. The decentralized autonomous organization (DAO) reached a consensus that there is no significant interest in launching a new asset, despite discussions on how a new token could potentially accelerate revenue growth through liquidity bootstrapping.
Stani Kulechov, founder of Aave, shared the update in a post on X, making it clear: the team respects the DAO’s decision and will not push forward any initiative that lacks strong community backing.
“Overall consensus across the Aave DAO is that there is no interest in other tokens,” Kulechov wrote.
The concerns were clear. Analyst Mika Honkasalo raised the issue that AAVE holders might expect future earnings from any new product associated with Aave.
He lik…
The post Aave DAO Votes to Keep It Simple, Rejects New Token Proposal appeared first on Coin Edition.
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