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GHO Launches as a Fee Token For Bridging Via Chainlink CCIP

Twitter icon  •  Published 2 months ago on October 22, 2024  •  Hassan Maishera

On Monday, Aave Labs announced via X that GHO is now available as a fee token for bridging any token via Chainlink CCIP.

GHO Launches as a Fee Token For Bridging Via Chainlink CCIP

On Monday, Aave Labs announced via X that GHO is now available as a fee token for bridging any token via Chainlink CCIP. This latest development offers users a simpler way to transfer GHO across supported networks.

The team added that $31.2m GHO has been bridged to date, representing the 2nd largest asset by volume of Chainlink CCIP.

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 $153.79 per token, down 2% in the last 24 hours. 

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down less than 1% over the past 24 hours, trading at $11.82 at press time.

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Author

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.