As the service mandate granted to kpk in December 2024 has now formally concluded, we want to share a quick update on the current status of our deliverables since our last report, and what to expect going forward.
GHO Deployment on Gnosis Chain
All smart contracts have been deployed on Gnosis Chain per Aave’s standards, and the technical implementation is now complete. Other Service Providers have reviewed the GHO deployment PR, which is ready to be merged and is expected to go live in the next few days.
This is the first GHO deployment led outside Aave Labs, setting an important precedent for broader ecosystem contributions. As a result, the initiative required a more extensive diligence process across stakeholders, alongside the DAO’s parallel priorities for GHO on other chains. The PR for GHO launch in Gnosis Chain can be found here.
To support the growth of GHO in GC, we are finalising the details of an updated GHO market making proposal, incorporating feedback and additional components suggested by the community. The proposal aims for a phased capital deployment to support the GHO launch.
Next steps:
- Successful AIP for GHO launch deployment
- Finalise and publish the market making proposal
sGHO Deployment
Substantial adjustments were made to the sGHO design following a round of feedback from BGD. The smart contracts have been restructured for greater modularity, upgradeability, and alignment with Aave’s production standards. These changes were explained in detail here.
The previous iteration was completed and tested internally, and the latest version has been built to incorporate all requested changes. These are the Github links for both versions:
Revised sGHO Contracts - latest version
These changes will result in a more secure, efficient and future-proof staking mechanism for GHO.
Next steps:
- Gather and incorporate feedback from final reviews from Aave Labs and relevant reviewers
- Proceed with sGHO deployment once the review is complete
Communication Moving Forward
As we enter a delivery-heavy phase—including proposal submissions, deployments, and launch activities—we will increase the frequency of updates to keep the DAO fully informed of progress.
Importantly, no new funding will be required to deliver the milestones mentioned above. We remain committed to transparency, aligned execution, and ongoing coordination with other service providers to fulfil our GHO growth mandate.