Aave Launches Stablecoin GHO on Ethereum

Decentralized finance protocol Aave has launched a new stable cryptocurrency called GHO, which is pegged to the dollar, on Ethereum. According to the latest data, approximately $2.5 million worth of GHO has been minted in a short period of time. Aave DAO will oversee the governance of GHO, including determining and adjusting the total supply, interest rate, and upper minting limits, as well as setting risk parameters. Aave Launches Stablecoin GHO Decentralized finance protocol Aave has launched a new stable cryptocurrency called GHO on Ethereum. In the recent vote, 421 wallets holding a total of 881,059 AAVE tokens voted in favor of the launch. The governance of GHO, including determining and adjusting the total supply, interest rate, and upper minting limits, as well as setting risk parameters, will be overseen by Aave DAO. The facilitator’s role in minting GHO has been authorized by Aave DAO. According to an official blog […] The post Aave Launches Stablecoin GHO on Ethereum appeared first on COINTURK NEWS.