[AAVE] GHO Stewards + Borrow Rate Update
Simple Summary
In response to recent market events, this AIP increases the GHO Borrow Rate to 13.00%.
Motivation
In response to recent stable coin Borrow Rates increasing and Maker DAO's recently proposed changes, this AIP amends the current GHO Interest Rate strategy.
This AIP is expected to enable GHO to continue growing whilst maintaining peg stability. Upon implementation the Borrow Rate arbitrage opportunity with be meaningfully reduced.
Specification
| Description | Current (%) | Proposed (%) | |
| -- |
|---|
| Non Discounted Borrow Rate |
| stkAAVE Discount |
| Discounted Borrow Rate |
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Snapshot
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
14 HVAXVC100%
NAY
0 HVAXVC0%
Discussion
Timeline
Apr 02, 2024Proposal created
Apr 03, 2024Proposal vote started
Apr 05, 2024Proposal vote ended
Apr 03, 2026Proposal updated