Daily Crypto NewsEDITION #558, 01 August 2022

Forget UST; all eyes are on GHO

Hey Moni Maker 😎

Today, in 1876, Colorado became the 38th state of the United States. And now Texas is proposing a referendum for secession from the United States...let's not talk specifically about these cases, but rather think about human nature. Whereas in the past, people aspired to be part of the "big pack," now, on the contrary, decentralization is happening everywhere...in music, movies, politics, and in finance. And if we are not responsible for the former, we have to be accountable for the finances. Let's tell our friends about NFT and DeFi, so we can show as many people as possible what great features crypto has for humanity!

Let’s go!

At the beginning of July this year, we wrote about the AAVE community and their desire to make their own GHO Stablecoin. You can check details about this article here, and now we're coming to you to tell you stablecoin GHO ...is approved!

Yes, as much as 99.9% of those who voted approved this proposal. 

However, just like with the voting, we will have to wait for GHO, because it will be implemented through the Aave Improvement Protocol (AIP). The rate will be pegged to the dollar, so it's classic here. 

Gem City! We're launching a new column. It's a test version for now - the design, the hashtag, and everything else. Every day, we will talk about the projects that raised money and the funds that gave them the money. A great reason to follow and DYOR them. 

All eyes are on the infographic and the links at the bottom. 

1. Quasar 

2. Nomad

3. CLST

– EU strained by lack of crypto experts

– FED caught Voyager Capital

Burned tokens – Projects can burn tokens to take them out of circulation. By reducing their circulation, the price goes up. Deflation, the whole thing.

And more you can find in our Glossary!

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