The Aave community proposal proposes to increase the GHO borrowing rate of Aave V3 to 5.22%
ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.
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.
You may also like
These are not the bots you're looking for
Chainlink (LINK) Hits New Milestone as Lunex Network and Optimism (OP) Soar
Cardano (ADA) Founder Charles Hoskinson: “Ten Years Later, We Will Surpass Ethereum, Twenty Years Later, We Will Surpass Bitcoin”
Cardano founder Charles Hoskinson made some really bold predictions for ADA in his statement. Here are the details.
An address holding 20 BTC was activated after being dormant for 13.4 years
Trending news
MoreCrypto prices
More
