Aave DAO

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Aave DAO Launches GHO Stablecoin on Arbitrum Network

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Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP). Aave DAO … Read more

Gauntlet Withdraws From Aave Partnership, Citing Governance Challenges

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Gauntlet has decided to withdraw from its role as Risk Steward for Aave, pointing to governance and operational challenges as the main reasons. This announcement marks the end of a four-year collaboration that has helped in growing Aave. Gauntlet Ends Partnership With Aave Due to DAO Disputes Gauntlet, a blockchain risk management firm, has officially … Read more

Aave DAO Approves the Launch of a Collateral-Backed Stablecoin Called GHO

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On Sunday, the non-custodial market protocol Aave announced that the Aave DAO has approved a new stablecoin for the ecosystem called “GHO.” Aave Companies proposed the stablecoin during the first week of July and the collateral-backed stablecoin will be pegged to the U.S. dollar’s value. A New collateral-Backed Stablecoin Crafted by Aave Companies Is Due … Read more