The Aave community proposal proposes to increase the GHO borrowing rate of Aave V3 to 5.22%
ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.
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
Ripple and Archax Launch World’s First Tokenized Money Market Fund on XRP Ledger
Valhalla mainnet launch postponed, Floki cites auditors’ feedback
Lutnick’s Cantor wants to use Tether to support a $2 billion Bitcoin lending program