GHO

Yougetwhat

Aave will come back. TVL is rising and they launched GHO stable coin

LoadingALIAS

DeFi. Zero swing trades. Zero meme coins. Zero BTC. I’d put the entire bag in DeFi positions, compound my interest daily, and rotate when it made sense. I’d probably split the entry into a month but only because this month is the halving month that happens every 4 years. You’ll never time the bottom pre halving; DCA into you LPs every time you see red on the ticker. Do NOT use ETH. You’ll waste fees, gas, etc. Use Optimism. It’s the best L2, IMO. If you’re new to DeFi - look for correlated LP positions, look for DeFi protocol’s wrapped tokens that are linked to L2s or their DeFi counterparts. Things like Optimism, Velodrome, and Beefy Wrapped Velodrome. They’re inextricably linked; limiting exposure to impermanent loss - opportunity cost or realized loss doesn’t matter. Most wrapped tokens in DeFi eventually land between 85-100% of the token being wrapped, too. There are a handful of plays here. I’d also look into stables if you’re risk averse. You can lock up GHO & fxUSD for 110% interest right now. Market bumped DSR to 13%, and mints sDAI in return. sDAI & USDC are earning another 40% right now. Granted, the Maker play is on ETH and limited if you’re in the US x you follow the rules. $50k puts you in the game in a real way, dude. Be smart. There is zero reason to carry any risk and you can make serious money right now. This is a year you want to be playing the game.

Theonlyeasyday

Can someone explain to me why GHO has had such a difficult time maintaining a peg? I mean, it's overcollateralized, isn't it?

coinfeeds-bot

tldr; Aave is advancing a proposal to launch a $5M quarterly incentives program named "Merit" to encourage adoption and reward users. The program aims to distribute rewards in wrapped Ether (WETH) and Aave's GHO stablecoin for actions aligned with Aave's strategic objectives, enhancing its competitiveness in the DeFi landscape. The rewards are planned for users engaging in specific activities such as borrowing against deposits, staking, participating in governance, and migrating funds from rival protocols. The proposal, currently focused on Aave's v3 deployment on Ethereum, seeks to incorporate community feedback before proceeding to a final vote for implementation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CreepToeCurrentSea

"Despite high expectations, its performance lags behind recently launched stablecoins like Aave GHO. Bank of America predicts further hurdles for PYUSD, citing competition from yield-bearing stablecoins." They need to up their game and also have yield services for their stablecoin.

coinfeeds-bot

tldr; PayPal's PYUSD stablecoin, launched with high expectations, is facing limited adoption. Despite being listed on major crypto exchanges, only a small portion of its supply has circulated, with less than $6.5 million in circulation. This is significantly lower than the circulating supply of recently launched stablecoins like Aave GHO. The slow adoption of PYUSD is attributed to factors such as incompatibility with wallets, absence of trading pairs, and lack of new functionality. Bank of America predicts further challenges for PYUSD, citing competition from yield-bearing stablecoins and central bank digital currencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Aave Pro-Arguments Below is a Aave pro-argument written by cryotosensei. > 1. AAVE has a novel flash loan concept that allows users to lend and borrow crypto assets from each other without the need for third party intermediaries. These flash loans are hassle free as they do not require users to submit collateral in advance. They also enable users to borrow from reserve liquidity pools and subsequently pay back their loans plus interest within the same transaction. This enables users to perform arbitrage trades. AAVE also offers a world of possibilities; at least 31 cryptocurrencies are available for borrowing and lending. > > 2. Borrowing and lending of cryptocurrencies with AAVE is completely anonymous - a plus point for people who are keen to protect their personal data and privacy. > > 3. The smart contracts on AAVE are open-source and thus, available for scrutiny. This increases AAVE’s accountability to its users. > > 4. AAVE is a Decentralised Autonomous Organisation, which means that the average retail investor is empowered with a voice. Should you own AAVE tokens, you will gain the chance to vote and decide on the outcome of AAVE Improvement Proposals (AIPs). Recently, AAVE token holders voted to close the ETH lending market ahead of the ETH Merge. An approval rate of 78% was achieved, and this proposal was implemented promptly ten hours later. Another example involved users approving a proposal on July 18, 2022; consequently, it all reserves on the AAVE V3 deployment on Harmony were frozen, which was effective in reducing the impact of the hack on users. Having users be directly involved in the decision-making process will appeal to people who wish to exercise more ownership of their assets. > 5. AAVE is also diversifying its services. For instance, it is jumping onto the Web3 bandwagon by launching a new decentralised social media platform called “Lens Platform”. Content creators will have total control over the content they create and how they choose to engage their community. Being allowed to have artistic integrity may help these content creators to flourish their creativity. > 6. AAVE launched its stablecoin $GHO in July 2022, which will be minted by depositors looking to take stablecoin debt. This is expected to increase AAVE’s bottom-line margin and enhance its sustainability. > > References > > https://p2pfinancenews.co.uk/2020/01/22/ethlend-winds-down-loanbook-in-favour-of-aave-flash-loans/ > > https://cryptobriefing.com/aave-makes-web3-social-bet-with-lens-protocol-launch/ > > https://messari.io/report/the-state-of-aave-q2-2022?__s=e9fmqmd8kryv9w3cjehv&utm_source=drip&utm_medium=email&utm_campaign=H-Aave+You+Met+Ted%3F > > https://messari.io/intel/event/c783e20c-b0cd-4ee3-845b-51137a6d729f?utm_source=newsletter_intel&utm_medium=organic_email&utm_campaign=intel_freeze_reserves_harmony ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Aave) to find submissions for other topics.

coinfeeds-bot

tldr; Aave's new stablecoin, GHO, has struggled to maintain its $1 peg since its launch in July. The token has traded between $0.97 and $0.99, with a brief dip to $0.94. Experts attribute the poor performance to a lack of a formal redemption mechanism and weak demand. Aave's founder, Stan Kulechov, defends GHO and believes it will return to its peg with the launch of the GHO Stability Module. The module will allow users to mint GHO using other stablecoins as collateral, creating an arbitrage opportunity. However, critics argue that there is no guarantee the peg will be regained. The de-pegging of GHO highlights the challenges faced by new stablecoins in the competitive crypto industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; Aave has launched a new USD-pegged stablecoin called GHO, with 2.76 million coins minted within 48 hours of its release. The governance token holders of Aave approved the launch and have control over the total supply, interest rate, and minting caps of GHO. The stablecoin is overcollateralized, and interest from borrowing GHO is paid to the DAO treasury. Users can mint GHO by offering other cryptocurrencies as collateral. Aave's V3 market has a maximum minting capacity of 100 million GHO, but this may be increased through a community vote. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Aave DAO has voted to launch a new decentralized stablecoin called GHO on the Ethereum mainnet. The stablecoin, pronounced "go," will offer more transparency for users and will be minted through a variety of collateral assets held by users across the Aave Protocol. Unlike other stablecoins like MakerDAO's DAI, GHO can be minted through deposited collateral in a single transaction. The Aave DAO will be responsible for adjusting interest rates, setting mint caps, and governing who can mint GHO. The company plans to submit a multi-chain plan for approval but currently intends to launch GHO only on Ethereum's mainnet. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

axolotl_life

> GHO differs from some of its stablecoin peers, like MakerDAO's DAI, in the way it can be minted through the deposited collateral. Unlike DAI which requires separate vaults for each asset used for minting, different types of GHO collateral can be deposited in one transaction. > True to its decentralized nature, Aave’s DAO will be responsible for adjusting interest rates, setting mint caps, and governing who will be allowed to mint GHO based on a set of predetermined conditions.

coinfeeds-bot

tldr; Aave Protocol has launched its stablecoin GHO on the Ethereum mainnet, with $2.19 million worth of GHO minted so far. The stablecoin is backed by various digital assets, including Ether and Aave's native token AAVE. The launch of GHO came after a community governance vote, with overwhelming support. Unlike centralized stablecoins, the assets backing GHO are transparent and verifiable. GHO's revenue will contribute to Aave's DAO treasury, with governance entrusted to AAVE and stkAAVE token holders. GHO is currently available to the public. The launch of GHO adds to the growing number of DeFi-native algorithmic stablecoins. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*