TechFlow reported that Aave Labs has proposed building and deploying a new version of the GHO Stable Module (GSM) to support reserve allocation and management functions, enable third-party integrations, and specifically facilitate integration with BlackRock's BUIDL infrastructure.
The proposal aims to enhance capital efficiency of the GSM while maintaining USDC's high standard as GHO's backing. The new GSM will support 1:1 fixed-rate swapping between USDC and GHO, and utilize excess USDC to mint BUIDL tokens.
BUIDL is a product deployed by BlackRock on the Ethereum network, providing instant liquidity to on-chain participants, with over $500 million currently issued.
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