After Luna/UST’s fall, the defi world is not as quiet as seen on the surface. More stable coins are rising. One of them is GHO - AAVE DAO approves creating its own stablecoin GHO, which will be backed by over-collateralized assets that continue to earn yield. Users looking to mint GHO first will deposit token accepted by AAVE. Users who borrow GHO against crypto assets will still earn interest on the underlying collateral used to mint the stablecoin. The lending protocol will also charge inte...

After Luna/UST’s fall, the defi world is not as quiet as seen on the surface. More stable coins are rising. One of them is GHO - AAVE DAO approves creating its own stablecoin GHO, which will be backed by over-collateralized assets that continue to earn yield. Users looking to mint GHO first will deposit token accepted by AAVE. Users who borrow GHO against crypto assets will still earn interest on the underlying collateral used to mint the stablecoin. The lending protocol will also charge inte...