Aave Labs’ Cross-Chain Strategy for GHO Stablecoin

Aave Labs is steering the GHO stablecoin towards a promising future with its strategic rollout plan for cross-chain functionality. This initiative marks a significant step in enhancing GHO’s accessibility and utility across diverse blockchain networks.

Advancing GHO’s Reach with Chainlink’s CCIP

Following a successful community vote, Aave Labs adopted Chainlink’s Cross, establishing a secure foundation for GHO’s cross-chain activities. The adoption of CCIP is part of a broader strategy to facilitate secure and controlled implementations of GHO across various blockchain environments.

The community is moving forward with the GHO Cross-Chain Rollout Plan, selecting the best network for launching GHO's cross-chain strategy.
Network options include @Optimism, @avax, @MetisL2, @Scroll_ZKP and @Arbitrum. https://t.co/4OH5zthB6M

— Aave Labs (@aave) April 21, 2024

Exploring Network Opportunities for GHO

As GHO prepares to expand its presence, several potential networks are being considered for its initial cross-chain deployment. The networks under consideration include:

• Optimism: Known for its speedy transactions and low fees, which could enhance GHO’s efficiency.
• Avalanche: Offers robust scalability options that may support GHO’s growth in decentralized finance.
• Metis: Provides a developer-friendly layer-2 solution that could integrate seamlessly with GHO’s functionalities.
• Scroll: Focuses on scalability and privacy, potentially offering a secure environment for GHO transactions.
• Arbitrum: Stands out with its high throughput and compatibility with Ethereum, making it an attractive option for GHO.

Community Engagement and Decision-Making

Aave Labs emphasizes the importance of community involvement in the decision-making process. Community members are encouraged to review detailed proposals from each network, participate in discussions, and provide valuable feedback. This collaborative approach ensures that every voice is heard and that the chosen network aligns with the collective vision and needs of the GHO ecosystem.

Voting on GHO’s Future

The selection process will culminate in a community-wide vote scheduled for April 13, 2024. This vote will determine the most suitable network for initiating GHO’s cross-chain journey. Community participation is crucial in shaping the trajectory of GHO’s expansion and leveraging the collective expertise to optimize the rollout strategy.

Aave Labs invites all DAO members, risk providers, and stakeholders to engage actively in this process, ensuring a well-informed and unanimous decision that will pave the way for GHO’s successful cross-chain integration.