Aave Companies Proposes Launching Decentralized Stablecoin GHO on Ethereum Mainnet

07/11 10:50

Aave Companies has suggested launching the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet through Facilitators, which would allow users of Aave version 3 to mint GHO against their collateral. The proposal aims to make stablecoin borrowing on Aave more competitive and generate additional revenue for the DAO by providing 100% of the interest payments made on GHO borrows to the DAO treasury.

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