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Ethereum World News 2022-07-07 18:18:24

Aave Submits Governance Proposal to Introduce A Native Decentralized, Collateralized Stablecoin, GHO

Summary: The Aave team has proposed to the project’s DAO a plan to introduce a native decentralized, collateralized-backed stablecoin known as GHO that will be pegged to the US Dollar. If the community approves, users will mint GHO against their supplied collaterals. GHO would make stablecoin borrowing on the Aave Protocol more competitive. The team at Aave (AAVE) has initiated a governance proposal on the project’s Decentralized Autonomous Organization (DAO) to introduce a native decentralized collateral-backed stablecoin known as GHO […]

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