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)