A new proposal from the Aave community proposes to replace the DAI quota of Aave GrantsDAO with the GHO quota

08/25 12:00

On August 25th, Aave community released a new informal proposal called ARFC, aimed at promoting the adoption and use of GHO. The proposal suggests replacing Aave GrantsDAO (AGD) DAI allocation with GHO allocation. Currently, AGD has around $380,000 of unclaimed DAI. This proposal aims to replace AGD's existing DAI allocation with new GHO allocation, which would enable AGD's contributors and grant recipients to receive rewards in GHO as well as any other assets held in AGD's multi-signature. Given that GHO's trading price is below $1, AaveDAO can purchase GHO on the market, which would help support its pegged price, and then use GHO to fund AGD. This proposal is expected to be implemented after the ARFC proposal to increase GHO rates and technical issues discovered in the integration of GHO with Aave V3 GHO pool are resolved.
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