[AAVE] Gho Steward Update
Simple Summary
This proposal seeks to update the GHO steward to an more efficient version, allowing more granular control over GHO to increase it’s efficiency
Motivation
The GHO peg is strong, and supply is growing. As GHO matures, new strategies can now be implemented to make it more liquid, resilient and help it grow larger. For example, a strong GSM is expected to allow larger cap increases, allowing faster growth of the supply. Also, in dynamic markets, tighter control on borrow rates is expected to improve asset efficiency.
Specification
The upgraded Gho Steward can be found on the gho-core github
Changes:
- GSM fee strategy can now be updated by 50 bps both ways
- GHO Borrow cap can now be updated both ways
- GHO exposure cap can now be updated both ways
References
- Implementation: AaveV3Ethereum
- Tests: AaveV3Ethereum
- Discussion
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
YAE
18 HVAXVC85.7%
NAY
3 HVAXVC14.3%
Discussion
Timeline
Jun 05, 2024Proposal created
Jun 06, 2024Proposal vote started
Jun 08, 2024Proposal vote ended
Mar 26, 2026Proposal updated