The @aaveaave.lens DAO has successfully launched GHO on the Ethereum Mainnet.
Congrats to the Aave community on this historic moment!
GHO is the manifestation of the ethos of "Internet People" - those who believe in the transformative power of decentralization and the democratization of finance. It's about building a future where everyone can participate with equal access. GHO paves the way for a more transparent, decentralized and efficient financial future.
The beauty lies in its design. Overcollaterized and transparent, it's minted using assets supplied into Aave Protocol V3 as collateral. What sets GHO apart is its commitment to the broader Aave community. The repaid interest on GHO is redirected to the Aave DAO treasury. This supports the sustainability of the protocol and the ongoing development of new features.
GHO's price is pegged to null USD within the Aave Protocol. This design supports stability and utility, helping maintain GHO's peg to the dollar. For those staking AAVE tokens in the Safety Module, a discount on GHO awaits. It's a testament to the belief in rewarding those who contribute to the security and robustness of the Aave ecosystem.
Together, we're not just building a product; we're building a community.
Learn more about GHO here: aave.mirror.xyz/t7qcU668gSp9teT_SBhJb9_AVcbv8kpzvd0IpP39lBw
This is just the beginning of the GHO journey.
GHO with us at gho.xyz.