A majority of the community of decentralized non-custodial market protocol Aave (CRYPTO: AAVE) DAO has voted in favor of creating a stablecoin GHO, which will be backed by a portfolio of other cryptocurrencies as collateral.
Aave DAO is a non-custodial, decentralized market system that lets users lend and borrow Bitcoin (CRYPTO: BTC).
By allocating digital assets to a smart contract, users can generate passive income while also supplying liquidity to the BTC market.
According to Aave’s website, it is open-source and claims $9.8 billion in liquidity.
99.9% of voters favored the proposal
Backed by Aave companies, 99.9% of voters were in favor of the proposal and pledged …
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