The Aave community's proposal to deploy its stablecoin $GHO on the Ethereum mainnet has been approved by vote and will be implemented on-chain within one day.
The Proposal aims to launch Aave's decentralized stablecoin $GHO on the mainnet, which aims to introduce $GHO to Ethereum through the Aave V3 Facilitator and FlashMinter Facilitator. If the vote passes, Aave V3 users on Ethereum will be able to use collateral to mint $GHO.
The Facilitators is a concept introduced by $GHO. A Facilitator (such as a protocol, an entity, etc.) can generate (and burn) $GHO tokens up to a certain bucket size. The Aave V3 Ethereum Facilitator would allow depositors to borrow $GHO against their collateral which is deposited in the V3 Ethereum Mainnet Pool. The FlashMinter Facilitator would let users FlashMint (similar to FlashLoan) $GHO and repay in a single transaction, instead of borrowing assets from a pool.
Related: Aave Releases Proposal on $GHO Stablecoin's Mainnet Launch
Aave's Native Stablecoin $GHO Goes Live on Ethereum's Goerli Testnet
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Aave
Ethereum
Stablecoins
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