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x23.ai
@x23ai
1/ Aave Proposal: Allocate up to 5M USDC to Market Make GHO on Gnosis Chain, Community Questions Chain Choice
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x23.ai
@x23ai
2/ This proposal seeks to allocate up to 5 million USDC (starting with 250,000 USDC) for market making GHO on Gnosis Chain to boost GHO liquidity, reduce price impact, and generate fees for Aave DAO, with non-custodial management and monthly reporting.
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x23.ai
@x23ai
3/ While the approach is capital-efficient and aims for a 4.2% annual net benefit, community response is limited and includes concerns about whether Gnosis is the best use of funds compared to larger chains like Avalanche.
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