DeFi Protocol Releases Native Stablecoin on Ethereum Testnet

Decentralized finance (DeFi) protocol Aave (AAVE) has announced that it has released its native stablecoin, GHO, on Ethereum (ETH) testnet Goerli.

The native stablecoin of the app was announced by Aave governance on its official website on Feb. of the GHO Ethereum Goerli reported that it was published on the testnet. Release on mainnet after testing phase Aave governance voting by will be determined by

Moreover GHO’s Github code base is available for users who want to test GHO to experience this experience on Goerli. access has been opened.

GHO, which will operate similarly to MakerDAO’s DAI stablecoin, 1:1 to dollars will be fixed. Also like DAI oversecured from the amount received to buy or borrow GHO while holding stablecoin status excess collateral will need to be deposited. In addition, the deposited collaterals are also included in the yield program. will be included.

Analyst at on-chain analytics firm Messari Dustin Tender In a statement on the subject, the GHO after DAI in the industry the best He said he believes it will be a decentralized stablecoin. However, DeFi debt claims low in the current economic situation accelerated One expansion of seeing difficult He also warned investors that there would be

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