Schon im August könnten die Miner zurückkehren. Die Schwierigkeit steigt erstmals seit Juni.
Aave DAO votes in favor of a proposal to launch GHO stablecoin
Aave DAO, the Aave DeFi protocol’s governing body, in voting that ended today has voted in favor of a proposal by Aave Companies to the DAO for the introduction of GHO.
In the three-day voting process, the GHO stablecoin proposal was supported by 99.99% of all the voters (501,000 AAVE token holders).
The GHO will be administered by Aave governance through an AIP and 100% of interest payments on GHO borrows will also be sent to the AaveDAO. However, it will be up to the AaveDAO to decide if it will support the Aave Companies for the cost and work on the GHO.
Minting the GHO stablecoin on Aave
Following the community approval, GHO stablecoin will be launched on the Aave Protocol. Aave protocol users will be able to mint the GHO stablecoin against a wide range of crypto-assets. In addition, those who borrow GHO will also continue to earn interest on their underlying supplied collateral.
Aave users have the liberty of depositing any of the cryptocurrencies accepted on the platform as collateral for minting the GHO stablecoin. Besides the deposits serving as collateral for minting GHO stablecoin, the deposits will also generate yield for the Aave Borrowers who take out GHO stablecoin loans.
Just like the MakerDAO’s DAI, Aave wants the GHO to be an over-collateralized stablecoin meaning more GHO tokens will be created compared to the value of the deposited cryptocurrencies.
Earlier on, the founder of Aave, Stani Kulechov, stated that they would try promoting organic acceptance of the GHOstablecoin on Layer 2 of Ethereum.
By approving the proposal to launch the GHO, Aave has basically set itself on a path to join the likes of MakerDAO and other DeFi stablecoin issuers in launching stablecoins. Another protocol that has expressed the intention of launching a stablecoin is Curve Finance.
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Best 3 DEX tokens to buy in July: DYDX, UNI, BAL
Decentralized Exchanges (DEX) have had a strong recovery in the past few weeks as volume increases. Indeed, DEX tokens have outperformed those of centralized exchanges like Huobi, OKX, and FTX token. Investors appear to believe that DEXes have done better during the recent meltdown that has seen many centralized companies like Voyager Digital go out of business.
dYdX (DYDX)
dYdX is a leading decentralized exchange that enables people to buy and trade hundreds of digital currencies. At its peak, the platform used to process over $4 billion worth of cryptocurrencies. Recently, however, the daily volume has dropped to about $700 million because of the ongoing sell-off.
The dYdX price has jumped sharply in the past few weeks. It has risen by over 157% from the year-to-date low. There is a likelihood that the coin will continue rising as the crypto industry stages a comeback.
Another key catalyst for dYdX is the upcoming launch of the new smart contract platform. In a recent announcement, the developers announced that they were moving from Ethereum and building a new platform in Cosmos. Therefore, there is a likelihood that the coin will remain at elevated levels in August.
Uniswap (UNI)
Uniswap is a leading decentralized exchange that is credited for revolutionizing the industry. It is the biggest DEX, with a total value locked (TVL) of $6.40 billion. It is the fourth-biggest DeFi network after Maker, Lido, and Compound.
Uniswap has millions of users and has helped to handle cryptocurrencies worth over $1 trillion. It has also expanded its ecosystem, with some of its key platforms being Gelato, Sorbet, Rainbow Wallet, and Flipside Crypto among others.
UNI is a good DEX token because of its role as a pioneer and the fact that it has a strong market share. Most importantly, it is a blue-chip network that will likely survive just as Amazon and Google survived the dot com bubble.
Balancer (BAL)
Balancer is another DEX platform that is worth investing in in August. It is a platform that lets people invest in automated portfolios and trade digital tokens. According to DeFi platform has a total value locked of over $1.49 billion. Balancer is the 12th biggest DeFi platform in the world.
Balancer is a good investment because of its recent launch on Optimism and the rising inflows to the network. The Balancer price has jumped by more than 71% from its lowest level in 2022.
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Bitcoin (BTC) und Ethereum (ETH) im Wochenrückblick: Unterstützung auch nach FOMC-Sitzung gehalten
Auch wenn BTC und ETH von ihren Wochenhochs aktuell etwas zurückkommen, sind beide Coins auf Kurs zur stärksten Monatsperformance.
In der Vergangenheit immer richtig gelegen: Bitcoin-Indikator signalisiert Aufwärtstrend
Wenn der Puell Multiple steigt, ist Bitcoin bisher ebenfalls immer gestiegen. Aber die beispiellosen Makro-Bedingungen machen eine konkrete Prognose Schwer.