DeFi engineer TokenBrice takes steps to push Aave stablecoin GHO to restore peg

Bitget App

Trade smarter

Cointime2023/11/29 05:42

By:Cointime

Odaily Star Planet Daily News DeFi engineer TokenBrice took over the GHO liquidity committee this month, tasked with restoring the US dollar peg of Aave stablecoin GHO. TokenBrice's strategy focuses on incentivizing targeted purchases of GHO in a very targeted way.

TokenBrice said: "We are not only paying for liquidity and incentives, but also for a specific liquidity that is biased towards buyers, which helps us create price support for GHO purchases and gradually push its upward trend."

In the committee report on November 23, TokenBrice stated that compared to more well-known DeFi trading giants such as Uniswap, DeFi protocol Maverick's Boosted Pool has a decisive advantage in engineering liquidity.

TokenBrice wrote about Maverick: "The new AMM is not a panacea, but a solution to help various stablecoins recover their anchors." (CoinDesk)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.

Cryptopolitan•2025/04/06 03:22