NEW AAVE stablecoin

What is AAVE?

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AAVE Stablecoin

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What Community said?

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GHO is backed by?

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How to mint GHO?

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Benefits of Stablecoin

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GHO Implementation

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Also read -

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NEW AAVE stablecoin

NEW AAVE stablecoin

What is AAVE?

What is AAVE?

AAVE is the borrowing & lending protocol. It was launched in 2017 as ETHLand & raised $16 million in the ICO by selling AAVE tokens

AAVE is the borrowing & lending protocol. It was launched in 2017 as ETHLand & raised $16 million in the ICO by selling AAVE tokens

AAVE Stablecoin

AAVE Stablecoin

GHO is an yield generating stablecoin proposed by AAVE. It will be an algorithmic stablecoin without any peg unlike -

GHO is an yield generating stablecoin proposed by AAVE. It will be an algorithmic stablecoin without any peg unlike -

USDT

USDT

What Community said?

What Community said?

The proposal submitted by AAVE was put to vote. 99.9% community voters or members voted in favour of the stablecoin.

The proposal submitted by AAVE was put to vote. 99.9% community voters or members voted in favour of the stablecoin.

GHO is backed by?

GHO is backed by?

The Stablecoin will be backed by over-collateralized loans consisting of cryptocurrencies while earning yield.

The Stablecoin will be backed by over-collateralized loans consisting of cryptocurrencies while earning yield.

How to mint GHO?

How to mint GHO?

User has to deposit cryptocurrency accepted by AAVE protocol to mint GHO token. Check details -

User has to deposit cryptocurrency accepted by AAVE protocol to mint GHO token. Check details -

GHO details

GHO details

Benefits of Stablecoin

Benefits of Stablecoin

Users who borrow GHO against crypto deposits will earn interest on the underlying collateral. Moreover, its a stable crypto asset accepted by AAVE

Users who borrow GHO against crypto deposits will earn interest on the underlying collateral. Moreover, its a stable crypto asset accepted by AAVE

GHO Implementation

GHO Implementation

The community has voted in favour of the stablecoin but it will take sometime for AAVE to inject GHO within the protocol via AAVE Improvement Protocol.

The community has voted in favour of the stablecoin but it will take sometime for AAVE to inject GHO within the protocol via AAVE Improvement Protocol.

Also read -

Also read -

AAVE Token

AAVE Token

VeChain Crypto

VeChain Crypto

Chainlink

Chainlink

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