Aave Companies has proposed launching the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet.
The Aave governance community is set to vote on launching its decentralized stablecoin GHO on the Ethereum mainnet.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Aave Companies, a key contributor to the Aave DeFi lending protocol, has proposed launching the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet.
The Aave DAO will also have the ability to adjust GHO's interest rate through decentralized governance. The Aave V3 Ethereum Pool Facilitator will allow users to borrow GHO using collateral deposited in the V3 Ethereum mainnet pool. The FlashMinter Facilitator enables users to flash mint GHO without collateral, providing it is repaid in a single transaction, enhancing GHO's ability to maintain its peg through efficient arbitrage.
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