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No more ETH dumps? Ethereum Foundation turns to DeFi for cash

No more ETH dumps? Ethereum Foundation turns to DeFi for cash

The Ethereum Foundation (EF) has borrowed $2 million in GHO, a decentralized stablecoin developed by Aave, in a move signaling deeper engagement with decentralized finance (DeFi) strategies. In a May 29 X post, Aave founder Stani Kulechov said the foundation borrowed $2 million in GHO tokens. “The E…

Lens Chain plans to adopt Aave’s GHO stablecoin as native gas token

Lens Chain plans to adopt Aave’s GHO stablecoin as native gas token

Lens Protocol, a Layer 2 SocialFi blockchain developed by Aave developers, said it would use a connected GHO stablecoin as the native gas token. This means that users interacting with the Lens Chain, particularly for transactions or smart contract executions, will use GHO to pay for gas fees.GHO is …