AAVEGHOExpansion
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🚀💡 #AAVEGHOExpansion
AAVE community explores deploying their multi-collateral stablecoin, GHO, on Cosmos (ATOM) and Polkadot (DOT). The proposal aims to boost GHO demand via an incentive circulation structure, anticipating a subsequent rise in supply.
AAVE community explores deploying their multi-collateral stablecoin, GHO, on Cosmos (ATOM) and Polkadot (DOT). The proposal aims to boost GHO demand via an incentive circulation structure, anticipating a subsequent rise in supply.
Aave's GHO stablecoin is now available on Arbitrum
GHO is a multi-collateralized stablecoin unique to the Aave Protocol, and the Aave DAO has decided to introduce it on Arbitrum as part of its cross-chain expansion plan. By incorporating GHO into the Arbitrum Aave pool, users can both supply GHO for yield and borrow it, spreading the risk across various assets.
The launch is facilitated by an allocation of 750,000 ARB and utilizes Chainlink's Cross-Chain Interoperability Protocol for secure and cost-effective transfers.
#AaveProtocol #Aave $AAVE $ARB #AAVEGHOExpansion #BinanceTournament
GHO is a multi-collateralized stablecoin unique to the Aave Protocol, and the Aave DAO has decided to introduce it on Arbitrum as part of its cross-chain expansion plan. By incorporating GHO into the Arbitrum Aave pool, users can both supply GHO for yield and borrow it, spreading the risk across various assets.
The launch is facilitated by an allocation of 750,000 ARB and utilizes Chainlink's Cross-Chain Interoperability Protocol for secure and cost-effective transfers.
#AaveProtocol #Aave $AAVE $ARB #AAVEGHOExpansion #BinanceTournament
