🧵 GHO is now live on @gnosischain. This deployment strengthens GHO’s multi-chain expansion and promises new real-world utility for existing users. Here's what it means for GHO’s growth and adoption 👇
1/ GHO is @aave ’s decentralised, overcollateralised stablecoin. With this launch, it is now deployed on: – @ethereum – @arbitrum – @base – @avax – @gnosischain All connected via Chainlink CCIP with native mint-and-burn capabilities.
2/ GHO is now borrowable through Aave V3 on Gnosis Chain. This introduces a new source of organic GHO demand from users and protocols operating on @gnosisDAO’s low-cost, high-utility network.
3/ Gnosis Chain is built for real-world usage: @gnosispay empowers users to spend their stablecoins, connecting GHO with a global consumer debit network. @monerium forex assets and @BackedFi tokenised stocks empower users to swap GHO directly into a growing world of RWAs.
4/ This expansion directly supports GHO’s core goals: ➖ Broadening distribution ➖ Increasing borrowing demand ➖ Improving peg resilience through deeper liquidity And its integration paves the way for native yield with sGHO on Gnosis Chain.
5/ GHO’s launch on Gnosis Chain is another step toward mass adoption. It delivers real-world utility to GHO holders & stable liquidity for Gnosis Chain. This integration will drive growth across both ecosystems by adding new yield sources and additional volume and laying the groundwork for sGHO to offer on-chain savings alongside it. Win-win 🤝
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