Content
@
0 reply
0 recast
0 reaction
Tonyp
@tonyp
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?
3 replies
0 recast
2 reactions
Tonyp
@tonyp
I guess another way to look at it would be that GHO is not intended to be a competitive or sustainable stablecoin, rather it is a perk for stkAAVE holders. Similar to OHM's cooler loans.
0 reply
0 recast
1 reaction
