AAVE提议推出Horizo​​n，这是一项新计划，致力于建造机构Defi产品

领先的Defi协议AAVE已宣布计划启动Horizo​​n，这是一项针对制造机构Defi产品的新计划。由晶体。

Leading decentralized finance (DeFi) protocol Aave has announced plans to launch Horizon, a new initiative focused on building institutional DeFi products. The protocol founder, Stani Kulechov, announced this on X, noting that this initiative will take decentralized finance to the next level.

领先的分散财务（DEFI）协议AAVE宣布了计划启动Horizo​​n的计划，这是一项针对建造机构Defi产品的新计划。协议创始人Stani Kulechov在X上宣布了这一点，并指出该倡议将将分散的财务提升到一个新的水平。

According to him, solutions that integrate real-world assets (RWA) into DeFi are needed to bring institutions on-chain. Horizon plans to achieve this by incorporating the best of Aave technology stack to build products for institutions.

据他说，需要将现实世界资产（RWA）纳入DEFI的解决方案才能使机构扎根。 Horizo​​n计划通过将最佳的AAVE技术堆栈纳入为机构制造产品来实现这一目标。

The official post from Aave Labs (Labs) also confirmed the initiative, noting that the first Horizon product will allow tokenized money market funds (MMFs) to serve as collateral for institutions when they want to borrow stablecoins such as USDC and GHO on-chain.

AAVE LABS（LABS）的官方帖子也确认了这项倡议，并指出第一个Horizo​​n产品将允许令牌化的货币市场基金（MMFS）在他们想借用USDC和Gho等稳定的股份时作为机构的抵押品。

The post reads:

帖子读取：

“By aligning with institutional standards while preserving DeFi’s core efficiencies, Horizon unlocks a compliant, scalable, and accessible pathway for institutions and tokenization platforms to engage in decentralized finance.”

“通过与机构标准保持一致，同时保持DEFI的核心效率，Horizo​​n为机构和代币化平台提供了合规，可扩展和可访问的途径，以进行分散的财务。”

Meanwhile, Kulechov explained that the inspiration behind Horizon is the growth of the RWA sector in recent years, with on-chain US treasuries alone accounting for around $4 billion in total value locked (TVL).

同时，库尔乔夫（Kulechov）解释说，地平线背后的灵感是近年来RWA行业的增长，仅链子上的美国国债就会占总价值锁定约40亿美元（TVL）。

Despite this growth, Aave Labs noted that there are still several structural gaps because DeFi’s open architecture is not suitable for institutional needs. Thus, Horizon is about closing these gaps by building solutions specifically for institutions. The firm is now calling on institutions such as liquidity providers and RWA issuers to collaborate.

尽管增长了这种增长，但AAVE实验室指出，仍然存在几个结构性差距，因为Defi的开放式体系结构不适合机构需求。因此，Horizo​​n是要通过专门为机构建立解决方案来缩小这些差距。该公司现在呼吁流动性提供商和RWA发行人等机构进行合作。

Unsurprisingly, some users have asked why there is a need for a new protocol when Aave Arc already serves institutions. However, Kulechov explained that Horizon offers permissionless liquidity with permissioned collateral, while Arc offers permissioned liquidity and collateral. He added that Horizon builds on lessons from Arc.

毫不奇怪，一些用户问为什么当AAVE ARC已经为机构服务时需要新协议。但是，Kulechov解释说，Horizo​​n通过许可抵押提供了无许可的流动性，而ARC提供了许可的流动性和抵押品。他补充说，Horizo​​n建立在Arc的课程上。

Aave Labs proposes licensing Aave Instance for Horizon

AAVE LABS建议为Horizo​​n许可AAVE实例

Following the announcement, Aave Labs has submitted a proposal to the Aave DAO to license an Aave instance for the new platform. Kulechov explained that this licensed instance will be the foundation for all projects under the Horizon initiative.

公告之后，AAVE Labs已向AAVE DAO提交了一项建议，以许可新平台的AAVE实例。 Kulechov解释说，此许可的实例将是Horizo​​n倡议下所有项目的基础。

According to the proposal, the Horizon RWA product will launch using an instance of Aave V3 before transitioning to Aave V4 when the latest version is available.

根据该提案，Horizo​​n RWA产品将在最新版本可用时使用AAVE V3实例启动，然后过渡到AAVE V4。

Key features of the proposed Horizon protocol include permissionless USDC and GHO stablecoins; eligible users can borrow stablecoins; integration of approved RWA ERC-20 tokens; RWA issuers having asset-level permission management; etc.

建议的地平线协议的关键特征包括无许可的USDC和GHO Stablecoins；符合条件的用户可以借用稳定的用户；批准的RWA ERC-20代币集成；具有资产级许可管理的RWA发行人； ETC。

In return for licensing an Aave instance, Horizon wants to share profits with Aave DAO. The profit-sharing arrangement will see Aave DAO get 50% in the first year with a reduction over the next three years until it gets to 10% from the fourth year onward. There is also a provision that if Horizon launches a token, Aave DAO will get 15% of the allocation.

作为许可AAVE实例的回报，Horizo​​n希望与AAVE DAO共享利润。利润分享的安排将使AAVE DAO在第一年获得50％的速度，并在未来三年内减少，直到从第四年开始达到10％。还有一条规定，如果Horizo​​n推出了令牌，则AAVE DAO将获得15％的分配。

The proposal claims that Horizon will benefit the Aave ecosystem in several ways by boosting GHO stablecoin adoption, generating more revenue for the DAO, and making Aave the preferred DeFi platform for institutions.

该提案声称，Horizo​​n将通过增强GHO Stablecoin的采用，为DAO产生更多收入，并使AAVE成为机构的首选Defi平台，从而使AAVE生态系统受益。

Community members express concerns about Horizon diluting AAVE value

社区成员表示关注地平线稀释AAVE价值

Moreover, there have been mixed reactions to the announcement from Kulechov, with many praising the initiative. However, some Aave DAO community members have voiced concerns over how the idea of creating a new token for Horizon could dilute AAVE token value.

此外，对库尔乔夫的宣布，许多人赞扬该倡议。但是，一些AAVE DAO社区成员对如何为Horizo​​n创建新令牌的想法表达了担忧。

Several users within the community have said they will vote against the proposal because of the plan to introduce a token. One user, Gregrwalsh, said the idea of a new token and declining revenue-sharing percentage make the proposal questionable.

社区中的几个用户表示，由于计划引入令牌的计划，他们将投票反对该提案。一位用户格雷格瓦尔斯（Gregrwalsh）说，新的代币和收入分享百分比下降的想法使该提案值得怀疑。

He wrote:

他写道：

“Not a fan of the proposed token launch. Unclear to me why diluting the Aave token makes sense. If for some reason a new token is needed there should be a 1:1 relationship to Aave tokens and holders receive their allocation accordingly.”

“不喜欢拟议的令牌发布会。我还不清楚为什么稀释隔音是有意义的。如果出于某种原因需要一个新的令牌，则应与Aave代币和持有人相应地收到其分配的1：1关系。”

Several other users share this view with some even saying they had to create an account just to express their view. However, Kulechov had explained on X that Horizon will not dilute Aave value and is, in fact, the “highest revenue stream proposal from all licensed instances.”

其他几个用户甚至与一些人分享此观点，甚至说他们必须创建一个帐户才能表达自己的观点。但是，库尔乔夫（Kulechov）在X上解释说，Horizo​​n不会稀释AAVE的价值，实际上是“所有许可实例的最高收入来源提案”。

Nevertheless, the strong opposition to the Horizon proposal in its current state means it is unlikely to pass unless Aave Labs changes key details. Several members of the popular Aave service provider and delegator Aave Chan Initiative (ACI), including its founder Marc Zeller, have also opposed the idea. Zeller stated that the ACI will not support the TEMP CHECK and that AAVE is the only token in the ecosystem.

然而，在当前状态下，强烈反对地平线建议意味着除非AAVE实验室更改关键细节，否则它不太可能通过。包括其创始人Marc Zeller在内的流行AAVE服务提供商和代表Aave Chan Initiative（ACI）的几名成员也反对这一想法。 Zeller表示，ACI将不支持温度检查，并且AAVE是生态系统中唯一的令牌。