Lending protocol Aaveaave's gho stablecoin came closer to its Ethereum mainnet launch as developer Aave Companies proposed two key features that would benefit holders while keeping the token’s stability intact. By shauryamalwa
These facilitators, which can be protocols or entities, have the ability to generate and burn GHO tokens up to a certain limit, enabling depositors to borrow GHO against their collateral deposited in Aave V3's Ethereum mainnet pool.
Both facilitators were approved in outline earlier. A voting schedule for the more detailed proposals, which are in the discussion phase, has yet to be set. The FlashMinter Facilitator will allow users to borrow GHO and repay it in a single transaction and have an initial capacity of 2 million GHO on zero fees.
Gho was first proposed in June last year as a decentralized stablecoin backed by a basket of cryptocurrencies chosen at the discretion of Aave users, while borrowers would continue earning interest on their underlying collateral.decentralized autonomous organization by sending 100% of interest payments on GHO borrows to the DAO, the proposal said at the time. It will initially be on Ethereum, and is expected to be issued on other blockchains based on community demand and voting, according to the proposals.
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