Aave Labs announced plans to stabilize GHO using BUIDL shares from Belad.

robot
Abstract generation in progress

Golden Finance reports that Aave Labs has proposed an update to its GHO Stability Module (GSM), which involves using BlackRock’s tokenization fund BUIDL to help maintain the USD peg of its stablecoin. According to the proposal, the new GSM will allow Aave to exchange BUIDL shares with user-provided USD Coin (USDC) to mint their ecosystem-backed stablecoin GHO. These tokens will be stored in a smart contract until users exchange their GHO for USDC. The stock value of BUIDL remains stable at $1 per Token, and pays daily returns to investors every month. The fund allocates its assets to cash, US Treasury bonds, and repurchase protocol. According to data from RWA.xyz, BUIDL’s Assets Under Management (AUM) exceeds $502 million.

AAVE-4.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)