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Ethereum World News
2022-08-01 06:54:31

Aave DAO Approves Overcollateralized Stablecoin GHO

Aave DAO Approves Overcollateralized Stablecoin GHO

The Aave community has approved the GHO stablecoin. GHO is an overcollateralized stablecoin that allows users to earn interest on the collateral used to mint the stablecoin. The GHO stablecoin would make borrowing on Aave more competitive. The Aave DAO has approved the new stablecoin that the platform is looking to launch. Nearly 100% of all voters supported the release of the GHO stablecoin on the Aave protocol, allowing users to mint GHO against their supplied collaterals. The overcollateralized […]

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