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Aave Submits A New Proposal For The GHO Stability Module

Twitter icon  •  Published il y a 9 mois  •  Hassan Maishera

The Aave team announced via Twitter on Friday that it has submitted a proposal for the GHO Stability Module (GSM).

The Aave team announced via Twitter on Friday that it has submitted a proposal for the GHO Stability Module (GSM). The GSM concept aims to enable seamless conversion between GHO Aave and stablecoins at a predefined ratio, with unique functionalities added for increased stability.

The team added that GSM's unique features include adaptable Price Strategies, Debt Ceilings to limit exposure to certain assets, a Capital Allocator for potential yield generation, Last Resort Liquidations for managing increased risk, and Price Bounds/Swap Freezes for handling price deviation.

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 $70.43 per token, down by 2.5% in the last 24 hours. 

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.