ACI (Aave Chan Initiative) has proposed a new proposal in the Aave community, suggesting to increase the GHO borrowing rate from 4.72% annual rate to 5.22% to support the recovery of GHO anchoring and keep borrowing costs consistent with market rates. The proposal also authorizes ACI to continue to increase up to 100 basis points every 7 days (if necessary), and if the monthly average price of GHO exceeds the price range of 0.995-1.005, it can be increased by up to 9.5%.
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The Aave community proposal proposes to increase the GHO borrowing rate of Aave V3 to 5.22%
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