As far as the GHO stablecoin is concerned, Aave Companies said that the community was “very engaged with the GHO proposal, providing incredibly helpful and informative feedback.” Aave detailed some of the things mentioned by the community the team will focus on which includes DAO-set interest rate vulnerabilities, supply caps, a peg stability module, and the “necessity for properly vetting potential facilitators.” For now, the community will have to participate in voting on the stablecoin’s genesis parameters before the crypto token is issued. AAVE is a native coin of the Aave project that was launched in 2017 under the name ETHLend and was later rebranded. Aave is a decentralized lending protocol built on Ethereum and uses decentralized autonomous organization (DAO). Meaning, it is governed and operated by AAVE token holders who vote on changes to the protocol.
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