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AaveChain Proposes to Launch GHO on Base and Avalanche Blockchains

Twitter icon  •  Published 1 month ago  •  Hassan Maishera

On Monday, Aave Labs announced via X that AaveChain has proposed to launch the GHO tokens on the Avalanche and Base blockchains.

On Monday, Aave Labs announced via X that AaveChain has proposed to launch the GHO tokens on the Avalanche and Base blockchains. The  proposal aims to launch GHO on Avalanche and set ACI as Emissions Manager for GHO and aGHO potential rewards and incentives.

Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $144.57 per token, down 4% in the last 24 hours. 

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 4% today and currently trades at $26.27 per coin.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.