Aave Dao plans to vote on the introduction of the GHO stable on Ethereum

Aave Dao plans to vote on the introduction of the GHO stable on Ethereum
aave dao, one of the leading cryptocurrency platforms in the world, plans to vote on the use of the GHO stable in the Ethereum market. The vote is expected to take place during the day.
The GHO stable coin was developed by the AAVE team and enables users to use a wide range of crypto-assets. Just like other credit services on AAVE, GHO owners receive interest on the collateral provided. The introduction of GHO would make the borrowing of stable coins as part of the AAVE protocol more competitive and generate additional income for the AAVE DAO, since 100 % of the interest payments for GHO loans are forwarded to the DAO Ministry of Finance.
The GHO stable on the Ethereum Goerli test network has been available from the blockchain since February. So far there have been no major mistakes that affected the stable coin. The AAVE team plans to enable users to shape GHO tokens against their collateral provided as soon as the stable coin is introduced on the Ethereum network.
The GHO stable would be bound to the value of $ 1 and would be supported by a wide range of cryptocurrencies selected by the users. Borrows would continue to receive interest for their assets stored as collateral. The GHO protocol burns a user's GHO stable when it pays back its loans.
The coordination of the use of GHO on Ethereum by Aave Dao shows the striving for the platform to expand the possibilities for your users and to create further sources of income for the DAO. The introduction of GHO would improve the lending of stable coins in the AAVE protocol and increase the attractiveness of the platform for users. It remains to be seen how the vote will end and what effects the introduction of GHO will have on the market.