[ARFC] Increase GHO Borrow Rate

Hello @MrKris and firstly thanks for your trust delegating to the ACI, we’re honored to be your voice in the DAO.

GSM helps when GHO is overpeg, not underpeg. GSM allows to swap stablecoins for GHO at 1:1, but as gho is currently at 0.975/0.98$ on secondary markets, there’s zero benefit using the GSM today.

this was the wGHO plan, but @Gauntlet raised concerns about it and onboarding wGHO was abandoned in the short-term.

2 Likes