The Aave DAO has voted to launch the GHO stablecoin on the Abritrum network for lower transaction costs, high throughput, and efficient processing time.
Following a vote from the Aave decentralized autonomous organization , a member-controlled community that proposes and manages changes to the lending protocol, the GHO stablecoin has been deployed on the Arbitrum network.
The decision to roll out the stablecoin to additional networks in phases was based on security and risk management factors. This allowed the DAO to test the waters before expanding GHO’s presence to other blockchain ecosystems.Chainlink’s CCIP protocol is the interoperability layer that allows the Aave DAO to migrate the GHO stablecoin, initially launched on the Ethereum network, to Arbitrum and other networks in the future.
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