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Created
16 Aug 2024, 8:50 AM
Open for voting
17 Aug 2024, 9:11 AM
Voting closed
20 Aug 2024, 9:12 AM
Passed
Finished
21 Aug 2024, 9:34 AM
Executed
GHO Borrow Rate Update
Created
16 Aug 2024, 8:50 AM
Open for voting
17 Aug 2024, 9:11 AM
Voting closed
20 Aug 2024, 9:12 AM
Passed
Finished
21 Aug 2024, 9:34 AM
Executed
Author
ACI
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.