Increase GHO Borrow Rate
Vote Result: YES
Rationale
While there have been multiple increases to the GHO borrow rate and they haven’t been able to restore the peg, the comparative analysis shows that GHO’s current borrow rate is still lower, which may be contributing to its underpeg. Authorising ACI to implement 100bps increases every 7 days will also streamline this process, and this being subject to votes also makes sense. Therefore, we will vote YES in favour of this proposal.
Note: We were not able to put the vote through due to issues with Aave’s front-end, but wanted to highlight our rationale in any case.