GHO Cross-Chain Deployment Voting Online

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Golden Finance reported that the proposal to deploy the GHO stablecoin natively on other blockchains is now live for governance voting. The initiative aims to enhance the liquidity, accessibility, and cross-chain interoperability of the GHO stablecoin. The deployment will utilize the Chainlink Cross-Chain Interaction Protocol (CCIP), which employs locking/burning and releasing/minting mechanisms for bridging. Ownership of the bridging contract will be transferred to Aave DAO, enabling it to manage liquidity flow limits, interest rates, and risk parameters. GHO can be borrowed or lent on Aave V3 using any collateral. So far, users have minted over 85 million GHO. stAAVE holders can also enjoy a 30% discount on GHO borrowing interest rates. The voting period will end on June 21st.

AAVE2.41%
LINK2.75%
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