Aave Community,
Stani’s reply is completely out of touch.
His proposal screws AAVE holders, reeks of self-dealing, and ignores prior commitments. Let’s tear it apart with some hard-hitting questions to make you think twice before rubber-stamping this nonsense.
Why are we even entertaining a new token for Horizon? Why fracture the ecosystem when AAVE could subsume Horizon’s? Where’s the data justifying this over a unified approach? A new token isn’t innovation; it’s a direct attack on AAVE’s valuation, leaving holders holding a devalued bag while Horizon’s token rides the RWA hype. Prove me wrong with actual numbers, not vague promises of “revenue.” There should be one token that embraces all, the ticker is $AAVE.-
Why isn’t the DAO building its own RWA task force? RWAs are set to hit a $10T market by 2030 (BCG, 2023). AAVE could dominate with a dedicated 10-person dev and BD team, not some half-baked 10% effort. Outsourcing to Horizon means ceding control of a multi-trillion-dollar future. What’s stopping us from doing this internally and banking over $50M/year by 2027 (based on DeFi yield trends)? Are we too scared to compete with BlackRock ourselves? This smells like a cop-out, and I want answers.
According to Stani (https://x.com/stanikulechov/status/1900919169274540287)
“First of all, Aave DAO should not fund any external business. Aave DAO should license software for any business that has high potential revenue where it cannot operate itself in that area.” do you see the irony here? He dictates what should be funded or not, he is not trying to empower the protocol with more products, he is just splitting business with other projects.
Let’s not forget: Aave Labs already committed to RWA work in their “Aave 2030” proposal ([TEMP CHECK] Aave 2030). The DAO funded that vision to the tune of millions, expecting products, track records, and KPIs. Where are they? We’re still waiting for results while they pitch Horizon as the next shiny thing. It’s an insult to ask us to approve this when they haven’t delivered on prior promises. Did our funds just vanish into Horizon’s budget? Show us the receipts—on-chain or otherwise—or admit you’re stringing us along.
And let’s talk about the elephant in the room: conflict of interests. Aave Labs, led by Stani and his crew, pushes Horizon while their ties to Avara (AAVE LABS) raises red flags. Where’s the transparency on their stake in Horizon? Why no disclosure on what they gain if Horizon’s token moons? This isn’t governance; it’s grift. TradFi would slap this with an SEC insider dealing flag faster than you can say “regulation.” If this is such a win for the DAO, why does it feel like AAVE holders are getting played while founders prep a juicy exit?
The “benefits” are a joke. Horizon’s “licensing fees” might net how much? 1M/year—chump change against a potential $500M market cap hit from dilution (rough calc). GHO doesn’t need Horizon to grow; it needs AAVE to lead RWA integration directly. This is a distraction, not progress.
I’m rejecting this proposal outright. It tanks AAVE’s value, hands our future to Horizon, and ignores past commitments. The DAO deserves better than recycled promises and zero accountability. If Aave Labs wants a shred of trust, kill the new token, fold Horizon into AAVE, and deliver the RWA results we already paid for. If not, prepare yourself to be unfunded, we’ve seen this happen before with Gauntlet. Happen once, could happen again, even with the team that built this project. Unlimited greediness should be our limit.
Better yet, the DAO should form a legal entity—a foundation, maybe—to shield us from these abuses and future liability. We can’t keep letting this slide; it’s time to draw a line. Drop your thoughts, but don’t let them steamroll us.