cryptobanking

Has GHO been successful for AAVE? Currently $40M lent at 8.24%, which creates $3.3M/yr in revenue, but $13.8M of that is stkGHO in the safety module paying out $4.5M/yr.

Has anyone built a decentralized stablecoin that isn't just a big wealth transfer from gov token holders to borrowers?

Well said 😆

It’s generally difficult to make a profit on a debt based stable when you incentivize AMM liquidity for the asset in question, since you need an exogenous asset as AMM pair which you aren’t earning any yield on

Maker is profitable, and has never incentivized AMM liquidity