Aave Raises Core GHO Borrow Rate as Redemption Reserves Run Thin

Aave raises core GHO borrow rate as redemption reserves run thin

Aave's GHO Risk Council raised Ethereum Core and Prime borrow rates as the USDC stability module sat depleted and GHO traded near $0.999.

Aave Raises Core GHO Borrow Rate to 4.5% Amid Thin Redemption Reserves

The GHO Risk Council also lifted Prime’s base rate, while Ethereum’s USDC conversion module remained nearly empty.... Read the full story at The Defiant

Aave Proposal Would Raise GHO Borrowing Rates as Reserves Run Low

The proposed changes cover Ethereum’s Core and Prime markets. Reserve recovery depends in part on how borrowers obtain GHO to repay loans.

Aave hikes GHO borrow rates to rescue depleted stablecoin pools

Aave’s Ethereum Core market lists a 4.5% borrowing rate for GHO, aligning the stablecoin’s borrowing cost with the savings rate TokenLogic reported on Oct. 2. The next test is whether the change brings USDC or USDT into the reserves available to savers who choose to convert withdrawn GHO into USDC or USDT. Aave describes its savings token (sGHO) as redeemable instantly into GHO, so a holder who wants USDC needs a separate conversion. A higher bo…