On September 13, asset management company Superstate said it had submitted a TEMP CHECK proposal to Aave, proposing to expand the BUIDL GHO Stability Module (GSM) to incorporate Superstate’s USTB.
Aave Labs recently proposed a new proposal to integrate BlackRock’s tokenized fund BUIDL into its GHO Stability Module (GSM) to more efficiently manage its stablecoin system. BUIDL is a token that represents traditional assets such as cash and U.S. Treasuries.
The concept of GSM comes from MakerDAO’s PSM (Price Stability Module). Aave Labs explained that the role of GSM is to ensure that Aave’s stablecoin GHO can be exchanged with another asset (USDC) at a 1:1 ratio when demand increases or decreases.
