How Aave plans to support GHO’s liquidity with CRV tokens

How Aave plans to support GHO’s liquidity with CRV tokens

August 12, 2023

By Victor Olanrewaju

Realistic or not, here’s CRV’s market cap in AAVE terms

Aave would implement a strategy to back GHO’s secondary liquidity.

The volume on the Aave protocol dropped but development activity increased.

The Aave [AAVE] community has approved a proposal to position its Decentralized Autonomous Organization (DAO) as a major influence on the DeFi ecosystem while improving GHO’s liquidity.

The protocol had put forward the proposal, named the “aCRV OTC Deal” earlier in the month.

And according to the voting results 370,359 community members voted in favor of the proposal. On the other hand, 270.308, representing 42.19% of the voting populace thumbed print against it.

Time to “GHO” overboard

Details from the proposal showed that the leading DeFi platform plans to take a strategic step by acquiring Curve Finance [CRV] tokens using Tether [USDT] from its treasury.