Aave proposes to deploy a new version of GHO stable module to support BlackRock BUIDL integration
Aave Labs has proposed to build and deploy a new version of the GHO stable module (GSM) to support reserve allocation and management functions, achieve third-party integration, and specifically support integration with BlackRock BUIDL infrastructure. The proposal aims to improve the capital efficiency of GSM while maintaining the high standard of USDC as the endorsement of GHO. The new GSM will support the exchange of USDC and GHO in a fixed ratio of 1:1 and use USDC surplus to mint BUIDL tokens. It is reported that BUIDL is a product deployed by BlackRock on the Ethereum network, providing instant liquidity to on-chain participants, with a current circulation of over $500 million.
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