Aave · Ethereum · Stability AI · CryptoSlate
Aave hikes GHO borrow rates to rescue depleted stablecoin pools
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
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.
Key facts
- Aave Labs seeks a 25-million-GHO facilitator and a separate route borrowing up to $25 million of USDC or USDT against DAO balance sheet assets
- Aave Labs’ institutional proposal reported 19.2 million USDT on Ethereum and 40.7 million on Plasma as of Sept. 24, totaling 59.9 million USDT
- Kairos Research’s September analysis, using Sept. 8 readings, reported 40.6 million in nominal Plasma GSM redemption inventory against 38.6 million in underlying lending-pool cash
- It said borrowers could previously pay 4.25% to acquire GHO on Core and earn 4.5% in sGHO, leaving the DAO to fund the 25-basis-point difference
Summary
01 Aave’s Core GHO borrow APR is indexed at 4.5%, matching the savings rate TokenLogic reported on Oct. 2. 02 Repayments replenish GSM stablecoin inventory only when borrowers bring USDC or USDT into the modules to acquire GHO. 03 Aave’s documented sGHO redemption returns GHO, while obtaining USDC requires a separate conversion with available inventory and liquidity. The next test is whether the change brings USDC or USDT into the reserves available to savers who choose to convert withdrawn GHO into USDC or USDT.