1 year ago
Aave, a salient lending protocol wrong the decentralized concern (defi) sphere, has unveiled GHO, a caller stablecoin, which is present unrecorded connected the Ethereum network. Aave users tin present mint the stablecoin plus by leveraging Aave mentation 3 (v3).
Aave’s Dollar-Pegged GHO Token Goes Live connected Ethereum
This week, connected July 14, 2023, Aave’s assemblage approved a governance proposal, swiftly followed by the much-awaited motorboat of the stablecoin GHO connected the Ethereum network. GHO, initially announced successful July 2022, had a test run connected Ethereum’s Goerli testnet successful February 2023. In enactment with the accusation from the Github repository, the recently debuted stablecoin, and its affiliated astute declaration underwent multiple audits.
Currently, GHO is comparatively insignificant erstwhile compared with the apical 10 heavyweights of the stablecoin world, particularly erstwhile considering circulating dollar-pegged coins. The circulating proviso of GHO stands astir 2,510,269 tokens, representing a meager 0.0016% of the wide $127 cardinal stablecoin economy. At 12:20 p.m. Eastern Time connected Sunday, GHO deed a trough astatine $0.9813, yet truthful far, it has mostly maintained its peg to the dollar.
Emulating galore stablecoin assets, individuals tin stitchery involvement with Aave’s freshly debuted GHO stablecoin. Users who involvement the AAVE token are besides rewarded with an other 30% discount connected existent GHO borrowing rates. Thus far, determination are astir 234 GHO holders, and since the mainnet inception, a full of 893 transactions person been logged. Data sourced from coinmarketcap.com reveals that GHO has seen astir $1,437,756 successful worldwide trading measurement implicit the past 24 hours.
What bash you deliberation astir the caller Aave GHO stablecoin? Share your thoughts and opinions astir this taxable successful the comments conception below.
English (US) 