Aave has released a proposal to introduce PSM for the native stablecoin GHO, with a current support rate of 100%

According to ChainCatcher news, the snapshot page shows that Aave has released a proposal to "introduce PSM (Peg Stability Module) for the native stablecoin GHO," which has currently received 100% approval from 44k AAVE, including Wintermute. The voting will close on July 23.

It is reported that PSM is a contract that allows seamless conversion of two tokens at a predetermined ratio. Introducing GHO into PSM can further maintain the peg of GHO and provide the ability to adjust the pricing ratio between GHO and external assets based on different strategies, allowing the DAO to control the maximum risk exposure of external assets and act as a last resort liquidator, while also providing a method for distributing and earning yields. (Source link)