DeFi engineer TokenBrice takes steps to push Aave stablecoin GHO to restore peg
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.
You may also like
Why Has The Ripple-SEC Case Still Not Been Dismissed Like Other Cases? A Renowned Lawyer Proposes an Unusual Theory as to Why
With the recent drop in cryptocurrency lawsuits, all eyes have turned to the case between Ripple and the SEC.
BREAKING: Donald Trump Also Mentions Bitcoin and Ethereum for Cryptocurrency Strategic Reserve – Highly Volatile Moments
After Today’s Rally, Rumors Emerge About the Trader Who Opened a Massive Long Position Last Night – What Did He Know?
Was the trader who opened a long position in Ethereum last night with a large amount of funds at very high risk actually an insider?
Chinese Government Warns All Cryptocurrency Holders About New Virus via Official Channel
The Chinese government has warned cryptocurrency holders about a newly emerging virus in its official statement.
Trending news
MoreCrypto prices
More
