The Aave community has passed a proposal on the "GHO Liquidity Strategy Upgrade."

2023-09-24 16:25:23

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ChainCatcher message, the Snapshot interface shows that the Aave community has voted in favor of the ARFC proposal regarding the "GHO Liquidity Strategy Upgrade." This proposal aims to improve the peg price of the GHO token and promote diverse and comprehensive liquidity across multiple DEXs to address the challenges faced by GHO when it falls below $0.96.

The strategy covers multiple DeFi platforms, including Maverick, Uniswap, Bunni, Liquis, Balancer, and Aura. Each platform offers different liquidity solutions to meet the varying needs of the GHO token.

Additionally, the strategy includes a rewards budget aimed at incentivizing participants to provide liquidity and help stabilize the peg price of the GHO token. These rewards will be gradually added based on the needs of different platforms and can be updated under certain conditions.

The implementation of the liquidity strategy will be conducted by TokenLogic for liquidity analysis and monitoring, and on-chain transactions will be executed by the liquidity committee representing the Aave DAO.

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Aave community proposal

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