ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023

    XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

    March 26, 2023

    Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

    March 26, 2023

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    March 26, 2023

    How does the economy work?

    March 26, 2023

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    March 26, 2023

    Euler Finance exploiter returns over 58,000 stolen Ether

    March 25, 2023

    Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

    March 24, 2023

    Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

    March 24, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

    March 25, 2023

    Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

    March 25, 2023

    Arbitrum Discord hacker shares phishing announcement amid airdrop hype

    March 25, 2023

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Hong Kong crypto firms seeing interest from Chinese banks: Report

    March 27, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    ⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)

    March 27, 2023

    Bitcoin $50k SOON (Why $1T is Coming to Crypto ASAP)

    March 26, 2023

    More Bank Runs Coming!? Which Ones Are At Risk!?

    March 26, 2023

    New *Leaked Email* Reveals Amazon’s SECRET Crypto Plan..😳

    March 26, 2023

    🔴 US Economy is headed for a "DISASTER of EPIC Proportion"! 🔴

    March 24, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.580% 24H
    BITCOIN
    24H : 0.580%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.52% 24H
    ETHEREUM
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.52% 24H
    TETHER
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.410% 24H
    BNB
    24H : 0.410%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.52% 24H
    USD COIN
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.08% 24H
    XRP
    24H : -0.08%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.13% 24H
    CARDANO
    24H : -2.13%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.37% 24H
    LIDO STAKED ETHER
    24H : -0.37%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.580% 24H
    BITCOIN
    24H : 0.580%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.52% 24H
    ETHEREUM
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.52% 24H
    TETHER
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.410% 24H
    BNB
    24H : 0.410%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.52% 24H
    USD COIN
    24H : -0.52%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-0.08% 24H
    XRP
    24H : -0.08%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.13% 24H
    CARDANO
    24H : -2.13%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.37% 24H
    LIDO STAKED ETHER
    24H : -0.37%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Aave Summoning GHOsts With a New Native Stablecoin Proposal
DeFi

Aave Summoning GHOsts With a New Native Stablecoin Proposal

Crypto NewsBy Crypto NewsJuly 8, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

Popular decentralized finance (DeFi) protocol Aave (AAVE) has proposed to the decentralized autonomous organization (DAO) the introduction of a native, decentralized, fully collateral-backed, USD-pegged stablecoin on the Ethereum (ETH) mainnet – dubbed GHO.

“Calling all GHOsts,” said Aave on Thursday, announcing that they’ve created a new Aave Request for Comments (ARC) – which is the first step in the governance improvement process.

Per the governance proposal,

“With community support, GHO can be launched on the Aave Protocol, allowing users to mint GHO against their supplied collaterals.”

As for these collaterals, GHO would be backed by “a diversified set of crypto-assets chosen at the users’ discretion.” The borrowers would continue earning interest on their underlying collateral.

GHO would be created by users. These are borrowers, and each would need to supply collateral at a specific collateral ratio to be able to mint GHO. When a borrower repays a borrow position or gets liquidated, the GHO protocol would burn their GHO. The accumulated interest payments would be transferred to the AaveDAO treasury.

GHO would introduce the concept of Facilitators (e.g., a protocol, an entity, etc.), which has the ability to trustlessly generate and burn GHO tokens, and each would have to be approved by Aave Governance.

For each Facilitator, Governance would also approve “a bucket” for each Facilitator, which is the upward limit of GHO a specific Facilitator can generate.

Ultimately, Aave Governance would have all the decision-making power relating to GHO.

The proposal argued that,

“If approved, the introduction of GHO would make stablecoin borrowing on the Aave Protocol more competitive, provide more optionality for stablecoin users and generate additional revenue for the Aave DAO by sending 100% of interest payments on GHO borrows to the DAO.”

Aave founder Stani Kulechov also shared the news on his Twitter account, stating that the goal for GHO in the future is for it to “pursue organic adoption” via layer-2s (L2s) to solve real-life payment opportunities.

The proposal’s argument is that stablecoins have risen to a “central position” in the crypto space, garnering billions in market capitalization, and their usage will continue to grow and provide a fast, efficient, borderless, and stable way to transfer value on the blockchain. 

Within the stablecoin category, decentralized stablecoins “add transparency and censorship resistance to this list of benefits – an integral part of web3.”

Per DeFi Llama, the Total Value Locked (TVL) in DeFi is currently 78.27bn. MakerDAO (MKR) dominance is 9.9%, standing at the top of the list as the largest DeFi platform per TVL, with 7.75bn. Aave occupies second place with the TVL of 6.69bn. 

____

 
– Aave and Centrifuge Launch ‘Real World Assets’ Market
– DeFi Unlocked: How to Earn Interest Lending Crypto using Aave

– Stani Kulechov on Aave 3.0
– DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

–  DeFi Suffers from Too Much Centralization, What Can Be Done?
– Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion – Arthur Hayes



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Arbitrum airdrop hype grips DeFi world: Finance Redefined

March 24, 2023

XRP Price Prediction as Judge Tries to Ban Prominent XRP Advocate in Court – What’s Going On?

March 24, 2023

Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

March 24, 2023

Blockchain Industry Gets Boost as US Firms Set to Raise $100 Million For Crypto Fund – Are Institutions Coming Back?

March 24, 2023

1inch Network co-founder to crypto newbies: ‘Don’t trust anyone, verify’

March 23, 2023

Investors have more work to do in ensuring the success of Web3: PBW2023

March 23, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023

Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

March 27, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.