Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet
Ethereum Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet 2 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Lending and borrowing platform Aave (AAVE) has launched a new decentralized stablecoin on the Ethereum (ETH) mainnet. The dollar-pegged stablecoin, called GHO (GHO), is governed by the Aave decentralized autonomous organization (DAO). Nader Dabit, the director of developer relations at Aave, sabi ni that GHO is an “overcollateralized” stablecoin. Kumuha sabi ni in GHO‘s launch announcement that the stablecoin is transparent and committed to the protocol’s community. More than 2.7 million GHO tokens have already been minted on Ethereum since the stablecoin opisyal na inilunsad on Saturday, according to the projects website. GHO fell from its dollar peg to a low of around $0.978 at one point on Sunday. It is trading at $0.982 at time of writing.