Partnered With:

The Aave community has passed the ARFC proposal "Further increasing GHO borrowing rate to 3%".

According to BlockBeats news on October 16th, the governance page shows that the Aave community has passed an ARFC proposal to "further increase the stablecoin GHO borrowing rate to 3%". The proposal suggests raising the GHO borrowing annual interest rate from 2.5% to 3% to enhance GHO anchoring and increase income. The discount for stkAave holders remains unchanged at 30%.

Source

Correction/Report

RelatedRecommended

Interpreting the AAVE Buyback Proposal: Is DeFi Finally Embracing Dividends?

「Turmoil Time」 New Blue Chip

Why is Aave’s native USD stablecoin GHO always below $1?

GHO, the native stablecoin in the Aave protocol, has been below $1 since its inception, and apart from insufficient liquidity management, there is currently no practical application value in holding GHO.

Sort out Aave's native stablecoin GHO: Let DeFi reduce its dependence on USDC

Decentralized but weakly censorship resistant

AAVE's decentralized Stablecoin GHO launch test network: Here is a review of its latest progress

Web3 Daily | Aave community proposes "Native Stablecoin GHO Launches on Mainnet"; Memeland to airdrop for ecosystem project holders.

Important Cryptocurrency Industry News on July 11th Overview

On-Chain Activity