TechFlow news, the Aave community has published an Aave Request for Comments (ARC) proposal suggesting the introduction of GHO, a dollar-pegged, native decentralized, collateral-backed stablecoin, allowing users to mint GHO using their provided collateral. GHO will be backed by a diversified basket of crypto assets selected by users, while borrowers continue earning interest from their underlying collateral. Aave Governance will oversee decisions related to GHO. One hundred percent of the interest payments from GHO borrowing will go to the DAO, generating additional revenue for the Aave DAO.
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