AAVE’s New Native GHO Token is Live on Testnet

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Written By Keegan King

AAVE, a popular DeFi lending protocol, announced that their new native token GHO is now live on Ethereum’s Goerli testnet. The coin will act as a stablecoin and is meant to allow users on the AAVE protocol to mint the coin each time they supply the protocol with additional funds, allowing them to utilize DeFi in new ways. 

The coin was conceived following a sleuth of failed stablecoins in 2022 that caused many major markets to collapse in the middle of last year. Proceeds from the coin will go to AAVE’s DAO treasury where it can be used to create new developments in the future.

Keegan King

Keegan is an avid user and advocate for blockchain technology and its implementation in everyday life. He writes a variety of content related to cryptocurrencies while also creating marketing materials for law firms in the greater Los Angeles area. He was a part of the curriculum writing team for the bitcoin coursework at Emile Learning. Before being a writer, Keegan King was a business English Teacher in Busan, South Korea. His students included local businessmen, engineers, and doctors who all enjoyed discussions about bitcoin and blockchains. Keegan King’s favorite altcoin is Polygon.

https://www.linkedin.com/in/keeganking/
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