News/Aave to Vote for Deployment of its Stablecoin $GHO on Ethereum

Aave to Vote for Deployment of its Stablecoin $GHO on Ethereum

Jul 11,2023,10:04

Aave has launched a Governance Proposal to launch its decentralized stablecoin GHO on mainnet, which aims to introduce GHO to the Ethereum through the Aave V3 Facilitator and FlashMinter Facilitator. If the vote passes, Aave V3 users on Ethereum will be able to use collateral to mint GHO.

The Facilitators is a concept introduced by $GHO. A Facilitator (such as a protocol, an entity, etc.) can generate (and burn) $GHO tokens up to a certain bucket size. The Aave V3 Ethereum Facilitator would allow depositors to borrow $GHO against their collateral which is deposited in the V3 Ethereum Mainnet Pool. The FlashMinter Facilitator would let users FlashMint (similar to FlashLoan) $GHO and repay in a single transaction, instead of borrowing assets from a pool.

Related: Aave Releases Proposal on $GHO Stablecoin's Mainnet Launch

 

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