Aave community initiates temperature check on proposal to "introduce GHO to Cosmos and Polkadot ecology"
Aave community has initiated a temperature check proposal on "Introducing GHO Cross-Chain to the Cosmos and Polkadot Ecosystems". The proposal aims to create an incentive loop to increase the demand for GHO, thereby increasing the amount of collateral on AAVE, and providing a decentralized alternative for USDC/USDT on Cosmos/Polkadot.
The proposal states that the next step is to collect feedback from the community on this temperature check. If the community reaches a consensus, the proposal will be upgraded to the temperature check snapshot stage. If the snapshot result is YAE, GHO will be allocated to the pool.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rumble to spend up to $20M on Bitcoin in new treasury strategy
What it’s going to take to hit $100K
MicroStrategy announced that it purchased 55,500 bitcoin last week, but that didn’t quite push BTC over the 6-figure edge
Why analysts are upping price targets for MSTR and COIN
MSTR shares hovered around $402 at 2 pm ET Monday — down 4.7% on the day but up 70% from a month ago
FIFA Teams Up with Mythical Games to Launch Blockchain-Powered Mobile Soccer Game
Trending news
MoreCrypto prices
More
