GHO is now on ETH!
📌 Aave Protocol activates GHO stablecoin on the Ethereum mainnet.
✅Source: https://www.theblock.co/post/239688/aave-dao-deploys-gho-stablecoin-on-ethereum-mainnet
📌 Aave Protocol activates GHO stablecoin on the Ethereum mainnet.
✅Source: https://www.theblock.co/post/239688/aave-dao-deploys-gho-stablecoin-on-ethereum-mainnet
Imo, there seems to be no need for more stable coins at this point. The market already offers a sufficient number of robust and reliable stable coins.
You may be right but the concept is to address the volatility of the market and also create more opportunities of earning passive income in the DeFi ecosystem.
Just be careful mate.! Not talking about GHO but Luna offered high ROI for stable coins. Or we may use some trusted platforms like Bitget/Binance to earn passive income through their staking pools.
But, in order to decrease our dependency on tether, there should be these kinda stable so that, if tether dpeg it doesn't take down the whole market with it!