Aave Proposes Deployment of GHO Stablecoin on Ethereum

Aave Companies, a key contributor to the DeFi platform, is approaching the final phase of implementation of the decentralized stablecoin GHO, which is already running on the Ethereum Goerli testnet.

The final launch of the stablecoin will require two rounds of on-chain voting from the Aave community, including the first “ARFC” preliminary proposal and the final Aave improvement proposal. If these proposals are given the green light by the decentralized autonomous organization Aave, GHO will be launched on the Ethereum mainnet, available to V3 users.

If the proposal is approved by the DAO, all interest earned from the GHO loans will go to the DAO treasury as additional income. This could potentially encourage DAO members to vote on the proposal, which would increase the financial sustainability of the project.

Image: The Defiant