Aave DAO has launched the decentralized stablecoin GHO on the Ethereum mainnet. Users can use the assets in Aave V3 as collateral for over-collateralized minting.
In addition, GHO is completely managed by Aave DAO, which is responsible for formulating rules and policies for managing GHO. Community members must submit proposals to DAO. The proposal will be publicly discussed in the community for a period of time, and then voted. The vote will determine whether the proposal will be approved by DAO. support and implementation.
Aave DAO has voted to approve the AIP proposal to launch GHO on the Ethereum mainnet.
This proposal aims to introduce GHO to the Ethereum mainnet through the Aave V3 Facilitator and the FlashMinter Facilitator. Aave V3 users on Ethereum will be able to mint GHO using collateral.