Hassan Maishera
On Thursday, Aave Labs announced via X that the GHO token is now live on the Avalanche blockchain. With this launch, Users can bridge, borrow, and supply GHO on Avalanche.
The initial supply cap is set at 10 million GHO, with a borrow cap of 9 million. GHO’s launch on Avalanche adds new liquidity rails to the network.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $256.94 per token, down 1.1% in the last 24 hours.
