After its existence on the Testnet for some time, Aave is putting measures in place to put GHO in the spotlight. Here's how.
This move underscores Aave’s commitment to leveraging Ethereum’s robust infrastructure. It also points to the aim of achieving widespread adoption of GHO.The introduction of facilitators is not a new concept to GHO. In its development stage, the Aave developers mentioned that the facilitators would help in minting and burning GHO tokens.
For the Aave V3 Ethereum pool, its function is to assist with bootstrapping the GHO supply in a decentralized and permissionless. FlashMinting, on the other hand, would enable arbitrage and liquidity provision.mechanism as a cryptocurrency collateral for users who stake in the Aave protocol.GHO’s objectives was to allow users to borrow the stablecoin while still earning the yield on their locked assets on the protocol.
Additionally, the proposal mentioned that the borrow could be 1.5% whale staked Aave [stkAAVE] discount rate could go up to 30%.In another development, Aave geared toward improving its infrastructure. Stani Kulechov, the protocol’s founder, integrating the new Aave Delivery Infrastructure , would ensure cross-chain communication among multiple bridges.
Cross-chain consensus messaging means that Aave Protocol and governance infrastructure is not going to rely on single bridge but actually a consensus of multiple bridges mitigating the risks associated with cross-chain messaging and bridging.
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