Calling all GHOsts 👻 

We have created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO.

Read more below and discuss your thoughts for the snapshot (coming soon)!👇

governance.aave.com/t/introducing-gho/8730

GHO will be: 🌍 Decentralized 💪 Over-collateralized by assets that continue to earn yield ✨ Backed by multiple types of collateral available on the Aave Protocol ⚖️ Governed by the Aave community

With community support, GHO can extend the capabilities of the Aave ecosystem!

Users will be able to generate GHO after supplying collateral, and then burn GHO when reclaiming collateral 🔐

Based on the proposal, all users with stkAAVE in the Safety Module will be eligible for a discount on GHO 👀

This is yet another exciting leap forward for the Aave Protocol and we can’t wait to hear the community’s thoughts on it!

Ready, Set, GHO 🏃🏃‍♀️