Ethereum To Become Home For Aave's GHO: Are Other Stablecoins At Risk?
Portfolio Pulse from Murtuza Merchant
Aave Companies, a key contributor to the Aave decentralized finance lending protocol, plans to launch the decentralized stablecoin GHO as an ERC-20 token on the Ethereum mainnet. The proposal, currently under review, could generate additional revenue for the Decentralized Autonomous Organization (DAO) and make stablecoin borrowing on the Aave Protocol more competitive. Voting is set to start today and conclude on July 14.
July 11, 2023 | 4:06 pm
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The proposed launch of GHO on the Ethereum mainnet could make Aave's lending protocol more competitive and generate additional revenue for the Aave DAO. This could potentially increase the value of AAVE.
The launch of GHO on the Ethereum mainnet could make Aave's lending protocol more competitive in the DeFi space. This, coupled with the potential for additional revenue for the Aave DAO, could increase demand for AAVE, thereby driving up its price.
CONFIDENCE 85
IMPORTANCE 80
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