Cointime

Cointime

Download App
iOS & Android
Home / Tech

DeFi engineer TokenBrice takes steps to push Aave stablecoin GHO to restore peg

Odaily Star Planet Daily News DeFi engineer TokenBrice took over the GHO liquidity committee this month, tasked with restoring the US dollar peg of Aave stablecoin GHO. TokenBrice's strategy focuses on incentivizing targeted purchases of GHO in a very targeted way.

TokenBrice said: "We are not only paying for liquidity and incentives, but also for a specific liquidity that is biased towards buyers, which helps us create price support for GHO purchases and gradually push its upward trend."

In the committee report on November 23, TokenBrice stated that compared to more well-known DeFi trading giants such as Uniswap, DeFi protocol Maverick's Boosted Pool has a decisive advantage in engineering liquidity.

TokenBrice wrote about Maverick: "The new AMM is not a panacea, but a solution to help various stablecoins recover their anchors." (CoinDesk)

AAVE
Comments

All Comments

Recommended for you

  • A whale liquidated WBTC positions built in the past 10 months 6 hours ago, with a cumulative profit of 14.26 million US dollars

    According to AI aunt's monitoring, the giant whale 0x3c9...8f757 cleared the WBTC built up over the past 10 months six hours ago, with a total profit of about $14.26 million.Starting from October last year, he withdrew 618 WBTC in batches from Binance, with an average price of only $39,899; and gradually reduced his position after BTC reached a new historical high, with an average selling price of $62,921, selling tokens worth a total of $38.89 million.

  • Asset Management Firm Franklin Templeton Files S-1 for New Crypto Index ETF

    On August 17th, Franklin Templeton, an asset management company, is seeking to launch a new exchange-traded fund (ETF) that aims to be a one-stop-shop cryptocurrency investment portfolio, according to a document dated August 16th. The document states that the Franklin Crypto Index ETF will track the performance of the CF Benchmarks Digital Asset Index, which currently only includes Bitcoin and Ethereum. The document states that "the fund will achieve its investment objective by investing in digital assets with weights that are roughly similar to those of the underlying index," and that the ETF may hold other types of cryptocurrencies in the future.

  • VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website

    According to X user @SummersThings, the 19b-4 form for VanEck and 21Shares Solana ETF seems to have been removed from the CBOE website on August 17th. The documents SR-CboeBZX-2024-066 and SR-CboeBZX-2024-067 are no longer accessible through direct links and are no longer visible in BZX pending rule changes.

  • Runecoin: Season 2 is about to start, with mechanics and timing being the priority

    Runes project Runecoin announced on social media that it plans to start Season 2, prioritizing mechanisms and timing.

  • The IRS released a draft of a new crypto tax form that no longer requires investors to fill in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version.Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DA from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users paying US crypto taxes.The newly released update to form 1099-DA is more streamlined than the IRS's initial tax filing draft released in April. The item for investors to fill in wallet addresses and transaction IDs has been removed (which sparked privacy concerns when the form was first released), and it is no longer required to fill in the time of the relevant transaction, only the date.Drew Hinkes, a partner at Miami law firm K&L Gates and a cryptocurrency lawyer, said the updated form "has greatly improved, reduced the burden of reporting, and significantly reduced the required data reporting."

  • Adidas and Doodles collaborate to launch a limited edition NFT collection pack

    Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.

  • MicroStrategy is looking to sell its Class A shares to raise $2 billion to buy more Bitcoin

    MicroStrategy is seeking to sell its Class A shares to raise up to $2 billion to purchase more Bitcoin and for general corporate purposes.In regulatory filings filed with the U.S. SEC, MicroStrategy did not disclose a timetable for stock sales or how much proceeds would be used to purchase Bitcoin.Earlier in June this year, MicroStrategy announced the issuance of $500 million unsecured senior convertible notes to purchase more Bitcoin, and one day later raised the issue price to $700 million.

  • Polymarket adds new Olympics category

    Predicting market Polymarket adds "Olympics" category, including:Currently, among the countries predicted to win the most gold medals at the Paris Olympics, the United States accounts for 79% and China accounts for 20%. The amount of the prediction market project has reached 1.2 million US dollars; among the countries predicted to win the most medals, the United States accounts for 94% and China accounts for 6%. The amount of the prediction market project has reached 1.3 million US dollars.

  • Putin: Russia must "seize the moment" to create conditions for the circulation of digital assets

    According to Bitcoin.com, Russian President Vladimir Putin announced that now is the time for Russia to create the necessary environment for increasing digital assets and adopting the Russian CBDC (digital ruble). Over 30,000 transactions have already been conducted in the pilot testing phase of the digital ruble, with over 7,000 transactions constituting payments for goods and services.According to the Russian official news agency TASS, Putin said, "As they say, Russia must 'seize the moment,' timely establish a legal framework and regulations, develop infrastructure, and create conditions for the circulation of digital assets domestically and in cooperation with foreign partners."

  • A whale who was long on ETH/BTC exchange rate was liquidated after the Aave loan health rate broke 1

    According to on-chain analyst Yu Jin's monitoring, with last night's decline, the ETH/BTC exchange rate fell to a minimum of 0.047. Six hours ago, a whale who has been longing for the ETH/BTC exchange rate since March 2023 experienced liquidation again as the health rate of the loan in Aave fell below 1, and liquidated 2701 ETH (worth about 8.74 million US dollars) to repay the 123.7 WBTC loan. Currently, the whale's loan health rate in Aave is 1.01, still on the edge of the liquidation line. If the ETH/BTC exchange rate continues to decline, its collateral will continue to be liquidated.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company