Aave DAO will acquire $1.6 million GHO to meet its short-term funding needs
ChainCatcher message, the Aave governance page shows that the Aave DAO has received nearly 100% voting support for "acquiring $1.6 million GHO from the secondary market," with the vote ending on October 21. The proposal aims to support the short-term funding needs of the Aave DAO. Part of the Aave DAO's expenditures will be paid in the form of GHO, with some use cases including: 328,000 GHO for the Aave grant extension proposal (6 months); 550,000 GHO for Aave events and sponsorships (3 months).
Based on the current Ethereum treasury holdings, this proposal is expected to acquire approximately $1.6 million from the secondary market.
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