Gho Steward Update
Gho Steward Update
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This proposal seeks to update the GHO steward to an more efficient version, allowing more granular control over GHO to increase it’s efficiency
Motivation
The GHO peg is strong, and supply is growing. As GHO matures, new strategies can now be implemented to make it more liquid, resilient and help it grow larger. For example, a strong GSM is expected to allow larger cap increases, allowing faster growth of the supply. Also, in dynamic markets, tighter control on borrow rates is expected to improve asset efficiency.
Specification
The upgraded Gho Steward can be found on the gho-core github
Changes:
- GSM fee strategy can now be updated by 50 bps both ways
- GHO Borrow cap can now be updated both ways
- GHO exposure cap can now be updated both ways
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Discussion
Copyright
Copyright and related rights waived via CC0.