Aave to Vote for Deployment of its Stablecoin $GHO on Ethereum

Aave to Vote for Deployment of its Stablecoin $GHO on Ethereum

Aave has launched a Governance Proposal to launch its decentralized stablecoin GHO on mainnet, which aims to introduce GHO to the 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

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Stablecoins

Aave

In This Article

Related News
Total stablecoin market cap tops $200 billion as onchain lending yields surge Total stablecoin market cap tops $200 billion as onchain lending yields surge
Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach
Stablecoin market cap hits new all-time high amid 11 months of growth Stablecoin market cap hits new all-time high amid 11 months of growth
Coinbase will enable 1:1 conversions between the euro and MiCA-compliant stablecoin EURC Coinbase will enable 1:1 conversions between the euro and MiCA-compliant stablecoin EURC
Tether expands USDT stablecoin to Aptos blockchain Tether expands USDT stablecoin to Aptos blockchain
Latest News More More
21 Hours Ago Mantra and Damac sign $1B deal to tokenize Middle Eastern assets
21 Hours Ago Fetch.ai launches $10M accelerator for AI agent startups
1 Day Ago Fidelity’s spot bitcoin, ether ETFs post largest daily net outflows since inception
1 Day Ago Polkadot-based Phala Network launches Ethereum Layer 2 rollup
2 Days Ago Coinbase premium flips positive for first time in weeks, indicating rising bitcoin demand from US investors
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open