The Aave DAO is planning to expand its GHO stablecoin to the Base and Avalanche blockchains, following two governance proposals submitted by the Aave-Chan Initiative (ACI) on October 7. These proposals, if approved, would bring GHO beyond Ethereum, following its successful launch on Arbitrum in July. ACI emphasized the importance of smart contract infrastructure, risk parameters, and DeFi integration, drawing from lessons learned from the Arbitrum rollout. GHO has grown significantly in 2024, reaching a $158 million market cap. Meanwhile, Aave’s new Grayscale Trust has seen a slow start, despite Aave being the second-largest DeFi protocol. Source: The Defiant
