The Staked aTokens offer represents an important puzzle piece in Aave and Balancer's long-term strategies, allowing Balancer Liquidity Providers (LPs) to borrow against their tokens from a pool of liquidity as collateral.
If approved, the proposal lays the groundwork for a GHO go-to-market strategy that avoids Aave-like incentives. The strategy uses Aave's veBAL to incentivize the backing of Balancer LP while leveraging Aave's ability to control GHO borrowing rates to increase GHO's liquidity.
If GHO is successful, the conditions will be set for Aave and Balancer to experience significant TVL growth, creating a legitimate stablecoin competitor built on capital-efficient liquidity from the two DeFi giants.
If approved, the proposal lays the groundwork for a GHO go-to-market strategy that avoids Aave-like incentives. The strategy uses Aave's veBAL to incentivize the backing of Balancer LP while leveraging Aave's ability to control GHO borrowing rates to increase GHO's liquidity.
If GHO is successful, the conditions will be set for Aave and Balancer to experience significant TVL growth, creating a legitimate stablecoin competitor built on capital-efficient liquidity from the two DeFi giants.
👀 The Central Bank of Russia publishes a report aimed at integrating crypto assets into the financial system theblock.com
👀 Changpeng Zhao: There was no war with FTX, the whole incident was not planned twitter.com
👀 Huobi Announces Reissuance of pGALA Tokens on the TRON Network www.huobi.com
👀 Solana Tier N Scaling protocol backed by FTX Ventures is expected to launch on mainnet next year. theblock.com
👀 Changpeng Zhao: There are about $8 billion in ETH in two Binance cold wallets. twitter.com
👀 BlockFi is relaunching its Crypto yield product in the US, but only for certified customers theblock.com
👀 Web3 gaming infrastructure startup Xternity raises $4.5 million in seed funding theblock.com
👀 a16z Crypto launches Ethereum Helios light client a16zcrypto.com
👀 Ethereum co-creator Anthony Di Iorio plans to launch a new Andiami project, which aims to create a blockchain computer for crypto users. coindesk.com
👀 Magic Eden Lianchuang proposes a new NFT standard that can enforce royalties on a technical level. decrypt.com
👀 Cryptobank Silvergate reshuffles management, appoints new president and new chief risk officer theblock.com
👀 OpenSea announces that the author reward policy will not change until at least December 8th. twitter.com
👀 The Central Bank of Russia is working on the integration of crypto assets into the country's financial system theblock.com
👀 Pie Shield: The Deribit attackers transferred a total of 7499 ETH to Tornado Cash. twitter.com
👀 FTX highlights the size of the company's revenue through the number of employees and claims that the withdrawal backlog has narrowed. twitter.com
👀 US Judge Rules LBRY's Sale of LBC's Native Token Violated Securities Laws coindesk.com
👀 RBI deputy governor thinks CBDC can replace stablecoins, objected Circle forcast.news
👀 The Hangzhou Xihu District approved the construction of the Metaverse Industrial Highlands. zj.cnr.cn
👀 Ethereum developers encourage dApp developers to move from the Goerli testnet to the Sepolia testnet. twitter.com