GHO cross-chain deployment voting is online

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Cointime2024/06/19 01:04

By:Cointime

The proposal to deploy the GHO stablecoin natively on other blockchains where Aave is deployed is now live for governance voting. The initiative aims to increase the liquidity, accessibility, and cross-chain interoperability of the GHO stablecoin. The deployment will utilize the Chainlink Cross-Chain Interoperability Protocol (CCIP), which uses lock/burn and release/mint mechanisms for bridging. Ownership of the bridging contract will be transferred to Aave DAO, enabling it to manage liquidity flow restrictions, interest rates, and risk parameters. GHO can be borrowed and lent on Aave V3 using any collateral. So far, users have minted over 85 million GHO. stAAVE holders can also enjoy a 30% discount on GHO borrowing rates. The voting period will end on June 21st.

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