Aave DAO Launches GHO Stablecoin on Arbitrum with Chainlink CCIP in Cross-Chain Expansion

Jul 2, 2024, 04:24 PM

Aave DAO has launched its GHO stablecoin on the Arbitrum network, marking the first deployment in GHO's cross-chain expansion strategy. The integration, powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP), received 100% approval from the Aave DAO. Arbitrum, the largest Ethereum Layer 2 by value locked and monthly active wallets, is the initial market for GHO's cross-chain rollout. The launch includes a GHO/USDC liquidity pool with incentives of 12,300 ARB for the first week and a target of $2 million in total value locked (TVL) at 25% APR. This initiative aims to boost GHO's accessibility and extend its reach beyond Ethereum. GHO also launched on Gyroscope Arbitrum.