Aave Community Initiates On-Chain Vote on Aave V3 GHO Genesis Parameters Proposal
On April 30th, according to the snapshot page, the Aave community initiated an on chain vote on the \”Aave V3 GHO Genesis Parameters\” proposal, aimed at consolidating the community\’
On April 30th, according to the snapshot page, the Aave community initiated an on chain vote on the “Aave V3 GHO Genesis Parameters” proposal, aimed at consolidating the community’s preference for the GHO starting parameters of V3 Ethereum promoters, which will expire on May 3rd. It is reported that the proposal provides two options for selection: Option A has a loan interest rate of 1.5%, a Bucket Capacity of $100 million, and a stkAAVE Discount Rate of 30%; Option B has a loan interest rate of 2%, a Bucket Capacity of $50 million, and a stkAAVE Discount Rate of 25%. Currently, Option A has a support rate of 83.63%, Option B has a support rate of 15.33%, and 1.05% is waived.
The Aave community initiated an on chain vote on the proposal related to “Aave V3 GHO Genesis Parameters”
On April 30th, the Aave community launched an on-chain vote to decide the starting parameters of V3 Ethereum promoters, which will expire on May 3rd. The vote revolves around the “Aave V3 GHO Genesis Parameters” proposal.
Outline
1. Introduction
2. What is the “Aave V3 GHO Genesis Parameters” proposal?
3. Option A: Interest rate of 1.5%, Bucket Capacity of $100 million, and stkAAVE Discount Rate of 30%
4. Option B: Interest rate of 2%, Bucket Capacity of $50 million, and stkAAVE Discount Rate of 25%
5. Current support rate for Option A and Option B
6. Conclusion
7. FAQs
The “Aave V3 GHO Genesis Parameters” proposal
The Aave V3 GHO Genesis Parameters proposal seeks to consolidate the community’s preference for the starting parameters of V3 Ethereum promoters. This proposal involves deciding between two options, each with its unique parameters. The ultimate aim is to create a starting environment that is balanced, beneficial to the community, and encourages liquidity providers and borrowers to use the network.
Option A: Interest rate of 1.5%, Bucket Capacity of $100 million, and stkAAVE Discount Rate of 30%
Option A proposes a loan interest rate of 1.5%, which is lower than that of Option B. The Bucket Capacity for Option A is $100 million, which indicates that users can use up to $100 million worth of collateral to borrow from the network. The stkAAVE Discount Rate for Option A is 30%, which provides an incentive for the use of stkAAVE tokens.
Option B: Interest rate of 2%, Bucket Capacity of $50 million, and stkAAVE Discount Rate of 25%
Option B proposes a higher loan interest rate of 2%, meaning borrowers will pay more for their loans. The Bucket Capacity for Option B is $50 million, which is less than that of Option A. The stkAAVE Discount Rate for Option B is 25%, which is also lower than that of Option A.
Current support rate for Option A and Option B
As of the time of writing this article, Option A has a support rate of 83.63%, while Option B has a support rate of 15.33%, and 1.05% has waived. This information indicates that the community is leaning towards Option A. However, voting is ongoing, and things can change at any moment.
Conclusion
The Aave V3 GHO Genesis Parameters proposal is an essential step towards improving the liquidity and borrowing environment in the Aave ecosystem. Either Option A or Option B will serve to create a starting environment that is efficient, balanced, and favorable for both liquidity providers and borrowers. As the voting process continues, it is essential to keep track of updates and support your preferred option.
FAQs
Q. What is Aave?
A. Aave is a decentralized finance platform that enables users to borrow and lend cryptocurrencies without intermediaries.
Q. How does an on-chain vote work?
A. On-chain voting involves sending transactions to the blockchain, which indicates support for a particular proposal. These transactions are immutable, and once added to the blockchain, they cannot be modified.
Q. What is stkAAVE?
A. stkAAVE is a governance token that provides voting rights to holders and discounts on lending fees on the Aave platform.
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