AAVE Launches the Much-awaited Stablecoin GHO on Ethereum Testnet
Aave Companies, the company that created AAVE, posted the request for its decentralized stablecoin on July 7. The AAVE DAO approved the DeFi protocol AAVE’s proposal on July 31, 2022, to create the algorithmic stablecoin GHO. With 99.99% favorable votes, the proposal received the green light from the DAO. According to the details from one of their recent tweets, AAVE’s GHO stablecoin is finally deployed on Ethereum’s Goerli testnet. The team also released the GHO code to the public on GitHub and invited users to find any bugs. Read more: Shiba Inu Holders Can Pay For Tuition With SHIB, Thanks to New Collaboration It’s GHO time! @GHOAave is now on Ethereum’s Goerli Testnet! 👻 https://t.co/cM58b6qSBa pic.twitter.com/xueGERoqnw — Aave (@AaveAave) February 9, 2023 “Stablecoins are the backbone of the crypto economy and their usage will continue to grow as more people realize that non-custodial and smart contract-based syste...