I'll admit that i personally heavily underestimated how hard it is to have a reliable peg. Good thing is that now the Aave DAO has acquired great know-how and the development for GHO is just starting. Up only🚀
こんにちは @ETHGlobal Tokyo! 🇯🇵
@AaveGrants will have 3 main prizes for @GHOAave and @AaveAave with $10k up for grabs!
🥇 1st $5k
🥈 2nd $3k
🥉 3rd $2k
For those taking part in the hackathon here's a 🧵 to get those creative chops going! 👻
fun fact about GHO:
V3 emode at 98% allows for a Stable/stable up to x50 leverage.
Arbitrage on steroids.
Aave wins (borrow demand)
Curve/balancer wins (Volume)
Stablecoins wins (peg resilience)
Synergies 🤝🤝🤝
the stablecoin of the future is here
with so much potential for innovative facilitators and new collateral backing
governed by @aaveaave dao
GHO will be in every wallet this year 👻
https://t.co/ZzcRjpeG8Z