Aave DAO Approves Creating GHO Stablecoin

[Google News Bot]

An overwhelming majority of Aave DAO voters have approved creating a new stablecoin. The proposal, submitted by Aave Companies, was backed by 99.9% of voters, who pledged half a million AAVE in approving the measure to create GHO, a stablecoin that will be backed by collateral consisting of other cryptocurrencies. Aave is a decentralized, non-custodial market protocol that enables users to borrow and lend cryptocurrencies. While providing liquidity to the cryptocurrency market, users can earn p ...

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