Aave Labs

Aave Labs proposed to integrate the GHO stable module with the BlackRock BUIDL Fund

ChainCatcher news, according to The Block, Aave Labs has proposed a temperature check proposal aimed at updating the GHO Stable Module (GSM) to integrate it with BlackRock's tokenized fund BUIDL. The main function of the GSM is to ensure that Aave's native stablecoin GHO maintains a 1:1 convertibility with other assets. The proposal suggests building a new instance of GSM that supports external integrations and related control mechanisms, specifically to support BlackRock's BUIDL. Currently, the proposal is in the temperature check phase and is receiving feedback from Aave governance members. If the community feedback is positive, AAVE token holders will vote on its implementation.BUIDL is a tokenized fund representing traditional assets such as cash and U.S. Treasury bonds. The proposal plans to achieve a 1:1 fixed exchange ratio between USDC and GHO, utilizing users' remaining USDC to mint equivalent dollar BUIDL shares. This could provide users with monthly BUIDL dividends, while the exchange fees will accumulate in the form of GHO stablecoin. Aave Labs stated that this implementation plan could enhance the capital efficiency of GSM while maintaining high standards of support, as USDC continues to back GHO. Furthermore, the integration of BUIDL with GSM could open new revenue streams for Aave DAO, expanding into the realm of physical assets and creating opportunities for future collaboration with leading global financial institution BlackRock.

Aave Labs: Has released a long-term development proposal Aave 2030, including a new V4 architecture and a new visual identity system

ChainCatcher message, the development team behind Aave, Aave Labs, has released three temperature check proposals on the Aave governance forum, outlining the vision for Aave's development over the next 5-7 years, referred to as Aave 2030. Key points in the proposals include:Aave Protocol V4 development proposal. Building on V3, Aave V4 proposes a series of improvements, including a brand new architectural design to enhance modularity and optimize capital efficiency; the introduction of a unified liquidity layer for seamless integration of the native stablecoin GHO; optimization of the liquidation engine and risk management tools, among others. Aave Labs plans to initiate V4 development in Q2 2024, with a release expected around mid-2025.Aave's new visual identity system proposal. The proposal introduces a completely new visual identity system for Aave, aimed at providing a unified and futuristic visual image for various projects within the Aave ecosystem, helping them stand out in an increasingly competitive landscape. The new design inherits Aave's friendly ghost image, symbolizing its enduring innovative spirit.Aave 2030 vision proposal. The proposal outlines Aave's development vision for the next 5-7 years, with Aave Labs aiming to drive the Aave protocol to become one of the most important financial infrastructures in the Web3 era. Key initiatives include advancing V4 development, expanding GHO applications, and strengthening connections with real-world assets, among others.
ChainCatcher Building the Web3 world with innovators