Aave proposes raising GHO borrow rate on Horizon to 3.25%
- —GHO borrow rate on Horizon will rise from 3.00% to 3.25%
- —GHO traded 6.7–13.6 bps below $1 over the past 30 days
- —GHO debt on Horizon grew from 23.2 million to 39.0 million (+68%)
- —USDC repayment fee will rise to 15 bps on Ethereum, Monad and Arbitrum
Why it matters: The changes are intended to bring GHO back to its $1 peg by reducing incentives for leveraged loops and selling pressure on the stablecoin.
Source: Crypto Daily