GHO Borrow Rate Update
GHO Borrow Rate Update
Author
ACI
Creator
0x57ab7ee15cE5ECacB1aB84EE42D5A9d0d8112922
Simple Summary
This AIP aims to decrease the GHO borrow rate from its current level to 6% to enhance its competitiveness in the current market conditions.
Motivation
The DeFi landscape is constantly evolving, and stablecoin protocols must adapt to remain competitive. Recent market analysis indicates:
- A general decrease in borrowing demand for stablecoins across DeFi platforms.
- Competing stablecoins offering more attractive rates, potentially drawing users away from GHO.
- An opportunity to increase GHO's market share by offering more competitive rates.
By reducing the borrow rate, we aim to:
- Increase the attractiveness of GHO for borrowers
- Stimulate the growth of GHO's total supply
- Enhance GHO's position in the stablecoin market
Specification
BaseVariableBorrowRate of GHO is decreased to 6%
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Discussion
Copyright
Copyright and related rights waived via CC0.