Demex Daily #227: Aave Labs Plans to Stabilize GHO Stablecoin with BlackRock's BUIDL Shares
What’s Interesting Today:
Aave Labs has proposed a new stability mechanism for its GHO stablecoin by using BlackRock’s tokenized fund, BUIDL, to maintain its dollar peg. The update suggests exchanging users' USDC for BUIDL shares that are held in a smart contract until redeemed. BUIDL, which pays