Aave raises GHO borrow rate to 4.5% to replenish depleted stablecoin reserves
- —GHO borrow rate on Core rose from 4.25% to 4.5%, per Aavescan data on Oct. 5
- —TokenLogic reported a depleted USDC GHO Stability Module on Oct. 2
- —Core GHO borrowed fell from 116 million on Oct. 2 to 115.8 million on Oct. 5
- —Aave Labs seeks a 25-million-GHO facilitator and up to $25 million in USDC/USDT
Why it matters: The rate hike is meant to restore GHO convertibility into USDC/USDT, but exit liquidity stays constrained unless stablecoins actually flow into the modules.
Source: CryptoSlate