The Aave DAO community voted in support of the proposal and the DeFi protocol will now work toward creating the GHO stablecoin.
Aave is looking to launch an overcollateralized stablecoin called GHO.
The Snapshot vote, which ended today at 06:00 a.m. EDT, passed with almost unanimous approval from the DAO. Data from the voting Aave users looking to mint GHO can do so by supplying any of the crypto tokens accepted as collateral on the platform. Apart from acting as collateral, these deposits will also earn yield on Aave. The protocol will charge interest on GHO stablecoin loans taken by borrowers.
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