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Jul 7 • 5 tweets • 1 min read
1/ Calling all GHOsts 👻 

We have created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO.

Read more below and discuss your thoughts for the snapshot (coming soon)!👇

governance.aave.com/t/introducing-…
2/ GHO will be:
🌍 Decentralized
💪 Over-collateralized by assets that continue to earn yield
✨ Backed by multiple types of collateral available on the Aave Protocol
⚖️ Governed by the Aave community

With community support, GHO can extend the capabilities of the Aave ecosystem!
3/ Users will be able to generate GHO after supplying collateral, and then burn GHO when reclaiming collateral 🔐
4/ Based on the proposal, all users with stkAAVE in the Safety Module will be eligible for a discount on GHO 👀
5/ This is yet another exciting leap forward for the Aave Protocol and we can’t wait to hear the community’s thoughts on it!

Ready, Set, GHO 🏃🏃‍♀️

• • •

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More from @AaveAave

Aave Profile picture
Mar 16
1/ Aave V3 is here! 👻  
The most powerful version of the Aave Protocol to date, V3 brings groundbreaking new features than span from increased capital efficiency to enhanced decentralization. Read what's new in V3 in the thread below👇or visit aave.com to dive in!
2/ What’s new in V3? 
🌀Portals: Facilitates cross-chain transactions  
⬆High efficiency mode: Unlocks higher borrowing power 
🔗 Isolation Mode: Allows for new assets to be listed while protecting the protocol  
⛽️Gas Optimization: Gas costs for all functions reduced by ~20-25% Image
3/ But wait, there’s more!  
🛣L2 Designs: Specific features for L2 networks  
🕺Community: Facilitates & incentivizes community usage through a modular, well-organized codebase  
🔐Risk Management: Provides additional protection through various risk caps & other tools Image
Read 10 tweets
Aave Profile picture
Jan 27
1/ It’s a great day to be a ghost👻

The Aave V3 protocol has been deployed across 7 testnets and is ready for you to take a spin 🙌 Check it out here: v3-test.aave.com
2/ The release of V3 will make the Aave Protocol one of the most advanced, secure, and efficient DeFi protocols across the ecosystem 💪 offering greater capital efficiencies, increased security, cross-chain functionality, and more👀
3/👷You can start testing Aave V3 on the following testnets: Ethereum Rinkeby, Fantom Testnet, Harmony Testnet, Arbitrum Rinkeby, Polygon Mumbai, Optimism Kovan, and Avalanche Fuji!
Read 10 tweets
Aave Profile picture
Nov 18, 2021
1/DeFi represents a powerful wave of innovation that has so far been inaccessible to traditional financial institutions. Today that changes! A thread 👇👇👇
2/The Aave community is introducing the first Aave Arc Market and @FireblocksHQ as the proposed first whitelister!

aave.mirror.xyz/JcA9DzQHK6o8YY…
3/ Aave Arc is a permissioned market based on the Aave V2 market. In the spirit of innovation and experimentation, Aave Arc creates a web3-native experience for financial institutions to harness the power of DeFi in a permissioned sandbox environment 🚀
Read 5 tweets
Aave Profile picture
Nov 4, 2021
1/ gm Aave Community👻

A new ARC is out for Aave V3! Read, discuss, vote 🎉

governance.aave.com/t/introducing-…
2/ V3 contains long-awaited new features that will make this the most powerful and efficient DeFi liquidity protocol ever designed!

Move assets over different networks, increase your borrowing power and so much more. 💪

A thread on new features below👇
3/ Portal 🌀

V3 will allow you to move assets seamlessly over different networks 🎉 Portal bridges solutions that tap into the Aave Protocol liquidity, allowing cross-chain interactions.
Read 6 tweets
Aave Profile picture
Oct 29, 2021
1/7 Today @gauntletnetwork submitted an AIP proposing to disable the borrow function for $xSUSHI and $DPI on V2 of the Aave Protocol as a precautionary measure. The AIP also will disable borrowing of AMM LP tokens on the Aave Protocol AMM Market as an extra safeguard. A thread👇
2/7 Earlier this week, members of the community raised concerns that there might be potential vulnerabilities involved in using $xSUSHI as collateral within the Aave Protocol.
3/7 The @gauntletnetwork team ran multiple simulations which showed that any attempt to manipulate $xSUSHI on the Aave Protocol would result in losses for the attackers under the current market conditions.
Read 8 tweets
Aave Profile picture
Apr 26, 2021
AIP-16 received overwhelming ‘yea’ votes from the community and has officially been executed. This proposal, created by @paraficapital, introduces liquidity mining incentives for Aave V2 ⛏️🗳️

app.aave.com/governance/11-… Image
2200 $stkAAVE per day will be distributed at a 50/50 ratio between depositors and borrowers. The allocation strategy is based on the markets’ borrowing demand. Markets with a higher dollar value borrowed will receive a higher share of the daily stkAAVE incentives.
Therefore, most of the rewards will target stablecoins in order to boost stablecoin liquidity.
Read 7 tweets

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