Aave Launches USD-Pegged Stablecoin GHO, $2.7M Coins Minted in 2 Days
Aave's newly launched algorithmic dollar-pegged stablecoin, GHO, has seen 2.76 million coins minted in 48 hours of its release, according to Etherscan.
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Aave's newly launched algorithmic dollar-pegged stablecoin, GHO, has seen 2.76 million coins minted in 48 hours of its release, according to Etherscan.
Aave, the renowned decentralized finance (DeFi) platform, has made waves in the crypto space with the introduction of GHO, an algorithmic stablecoin built on the Ethereum mainnet. The launch of GHO represents a significant milestone for Aave, as it aims to disrupt the stablecoin landscape by providing transparency and stability to the DeFi ecosystem.
Lens Protocol's latest version has introduced a blocking feature for its users.
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3).
Lens Protocol V2 upgrade brings features such as the ability for users to block one another on-chain and engages deeper into crypto-native actions.
Aave, the popular Decentralized Finance (DeFi) protocol, has introduced its groundbreaking stablecoin, GHO, on the Ethereum mainnet on July 16. This innovative financial instrument maintains a one-to-one peg with the US dollar, and approximately $2.2 million worth of GHO coins have already been minted.
The algorithmic GHO stablecoin is pegged against the United States dollar and is backed by several digital assets.
Aave has launched a new dollar-pegged stablecoin on Ethereum that's backed by overcollateralized loans in the style of Maker's DAI.
Aave Protocol, a decentralized finance (DeFi) platform, has made waves in the crypto community with the launch of its latest offering: GHO, an algorithmic stablecoin. Deployed on the Ethereum mainnet, GHO is designed to bring stability and transparency to the ever-evolving DeFi ecosystem.
Aave has launched its algorithmic stablecoin, GHO, backed by multiple crypto assets, including ethereum (ETH)
Lens Protocol is rolling out its latest version of the crypto-powered Twitter alternative, adding several new functionalities to the platform.
Maker loses its position to Aave as the second-largest DeFi project in terms of TVL.
Decentralized finance (DeFi) platform Aave has recently unveiled its new stablecoin, GHO, on the Ethereum mainnet. GHO is an algorithmic dollar-pegged stablecoin designed to provide stability and transparency to the DeFi ecosystem.
AAVE is looking for a potential reversal after failing to stay above a key roadblock and Q2 high.
DeFi lending protocol Aave launched its long-awaited stablecoin GHO to mainnet. Yet, it enters an already crowded stablecoin market dominated by one player.
Decentralized finance protocol Aave has finally launched its new algorithmic dollar-pegged stablecoin GHO on Ethereum.
After being in development in the last year, Aave's GHO stablecoin has finally launched on the Ethereum Mainnet.
One crypto trader earned $427,000 in profits within a month after buying the native tokens of major decentralized finance(DeFi) projects, including Uniswap's UNI, Lido's LDO, and Aave's AAVE.
After the recent launch of Aave's decentralized stablecoin, GHO, on the Ethereum mainnet, its circulating supply soared to $1.5 million within the first 24 hours.
BTC price is back in its range, potentially given opportunities for UNI, ARB, AAVE and MKR to move higher.
Curve, the renowned decentralized exchange protocol, has introduced the crvUSD/GHO liquidity pool, providing users with increased opportunities for trading and liquidity provision.
Aave DAO, a leading decentralized finance (DeFi) platform, has announced plans to introduce its native decentralized stablecoin, named GHO, on the Ethereum mainnet. This move is aimed at enhancing transparency for users and will involve minting the stablecoin using a diverse range of collateral assets held within the Aave Protocol.
The GHO stablecoin will now be available for users on the Aave V3 platform on Ethereum.
Some of the cryptocurrencies have entered a correction phase, according to CoinMarketCap's ranking.