There is certainly movement on the Aave Administration side. A few days ago, Marc Zeller introduced plans Aaventomics, a development aimed at transforming Token Aave. In parallel, the Aave Chan initiative filed another proposal on GHO, Stablecoin issued by Aave.
- The Aave Chan initiative has designed the development of Ghoinski GHO, which aimed at creating a derivative called SGHO and offering a return through the AAVE savings rate.
- SGHO promises to be a low -risk product and draws its revenues from the AAVE generated by the AAVE or download.
GHO: Stablecoin made in Aave
In July 2023, AAVE lending again diversified its products. In fact, yes launched his own Stablecoin called GHO.
Less than two years after its startup displays a Capitalization of more than $ 200 million And it is deployed on several blockchains. This makes it 20. The largest stablecoin crypto ecosystem.
Like most decentralized stablecoins, GHO is based on a mechanism excessive collateralization. This means that users can issue it in exchange for cryptocurrency warranty. In practice, all assets supported by Aave V3 deployed on Ethereum can serve as a warranty.
The Aave Chan initiative offers GHO development
Tuesday, March 4, Aave Chan initiative, known for its involvement in AAVE administration, submitted a proposal for the development of GHO.
The aim of this proposal is in fact Create a GHO derivative called SGHO and also define a SAVING SPACE SPECIFICATION AVE SAVING (ASR).
At the end of 2023, ACI introduced StKGho. This allowed GHO holders to throw them in the AAVE safety module to obtain AAVE Token’s returns. This has so diversified the offer of security modules, except token Aave.
With the advent of Aavenomics and the transfer of the security module, however, the Aave Chan sees the opportunity to review the integration of GHO into the protocol.
SGHO new savings product with low Russia
The aim of ACI is therefore to create a SGHO, a GHO version that includes a yield concept.
GHO holders can do for this purpose Place your tokens to get SGHO and enjoy the Aave Savings Rate. SGHO is therefore no one other than Profitable assets Namely productive performance asset.
“By saving GHOs in SGHO, users win the level of savings Aave by holding the ERC-20 reception over time and over time and easily integrable with other protocols. »»
From their side, Revenues come from income generated by AAVE protocol. The aim of this derivative is to “introduce the lowest risk profile”.
This is therefore part of the wider will of the aaventomics to propose the redistribution of income from the protocol to the holder of its native token. Namely Aave and GHO.
According to ACI, SGHO has several advantages. On one side, he would automatically compose interest.
Plus does not mean RechyprothecationAnd the fact that the stored GHOS is not rented or borrowed by the protocol. Indeed, the returns would not come from the remobby of Ghos, but only from income from the AAVE protocol. And without the cost of deposit or selection.
According to the first answers on the proposal, it seems to receive a positive income from the community. However, if the community is verified through temperature control, the proposal must be subject to voting via the administration module.
Protocol Aave should experience a great development through the launch of your V4 during the year. In particular, the aim is to increase the availability of capital, especially through a unified layer of liquidity. It also introduces new risk management methods for savings and debtors.