Stablecoin defi Aave

Aave DAO approving overcollateralized stablecoin splits crypto community

Reading now: 562
cointelegraph.com

Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO.The Aave company put up the GHO creation proposal on July 28, which received an overwhelming 99.9% community vote over the course of three days.

The proposal ended on Jul 31 at 10:00 am GMT with 501,000 AAVE tokens pledged in favor of creating the crypto-collateral backed stablecoin.GHO would be an Ethereum-based and decentralized stablecoin pegged to the U.S.

Read more on cointelegraph.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA