sAVAX Integration with GHO on Avalanche via Aave V3
sAVAX Integration with GHO on Avalanche via Aave V3
🔥 sAVAX Gets Cozy with GHO
Aave V3 has launched a new feature allowing users to use sAVAX as collateral for borrowing GHO stablecoin on Avalanche.
Key features:
- Supply AVAX or sAVAX as collateral
- Borrow GHO stablecoin against your collateral
- GHO is bridged from Ethereum using lock-and-mint mechanism
- All parameters are governed by Aave DAO
This integration brings enhanced stablecoin utility to Avalanche-native stakers, creating new opportunities for DeFi users on the platform.
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