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The new proposal from Aave will advance the GHO stability module and DAO staking-as-a-service product Frontier

The new proposal from Aave will advance the GHO stability module and DAO staking-as-a-service product Frontier

2024/02/04 09:17
AAVE-2.05%

The Aave governance website shows that the Aave community is voting on a Treasury management proposal involving the launch funds for the GHO Stability Module (GSM), RWA strategy, and plans for DAO staking-as-a-service product Frontier. In preparation to launch the GHO Stability Module (GSM) and $1 million RWA strategy with Centrifuge, this proposal aims to provide the necessary amount of USDC, USDT, and DAI on Ethereum. The GSM is expected to be operational in the near future, while the Centrifuge proposal is currently under review. Currently, there is insufficient stablecoin holdings on Ethereum to support GSM, RWA strategies, and Service Providers' commitments; additional funding is needed to support GSM on Ethereum. In addition to the above content, this proposal also includes some internal management matters such as setting two old versions of aUSDC subsidies to zero. Although these funds cannot be claimed, they are currently shown as available when checking subsidy balances.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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