Aave

Summary

This Snapshot is designed to formalize the community’s consensus regarding the deployment of the GHO Stability Module (GSM) and its initial parameters.

Voting Options

Given the current discussions regarding the effectiveness of the GHO Stability Module (GSM), we present two options via Snapshot to define the initial parameters. In these options, USDT and USDC are considered as underlying assets.

• Option A advocates for deploying the GSM, but with swap functionality paused. This implies that the module will remain inactive until the DAO decides to reactivate it. Such reactivation may involve parameter adjustments depending on market conditions. This option establishes the foundation for future GSM utilization, providing a straightforward setup without the need for complex deployments—just a simple AIP.

GSM USDC

Parameter	Value
Underlying Price Range for Swap Freeze	Disabled
Underlying Price Range for Swap Unfreeze	Disabled
Buy Fee	0.2%
Sell Fee	0.2%
Exposure Cap	500,000 USDC
Facilitator Bucket Capacity	500,000 GHO
Swap Active	False

GSM USDT

Parameter	Value
Underlying Price Range for Swap Freeze	Disabled
Underlying Price Range for Swap Unfreeze	Disabled
Buy Fee	0.2%
Sell Fee	0.2%
Exposure Cap	500,000 USDT
Facilitator Bucket Capacity	500,000 GHO
Swap Active	False

• Option B, considering the existing conditions with GHO at around $0.983, proposes specific parameters for immediate deployment with the swap functionality already activated. This signifies that the GSM will be enabled and ready for use upon deployment.

GSM USDC

Parameter	Value
Underlying Price Range for Swap Freeze	[0.99 - 1.01]
Underlying Price Range for Swap Unfreeze	[0.995 - 1.005]
Buy Fee	0.2%
Sell Fee	0.2%
Exposure Cap	500,000 USDC
Facilitator Bucket Capacity	500,000 GHO
Swap Active	True

GSM USDT

Parameter	Value
Underlying Price Range for Swap Freeze	[0.99 - 1.01]
Underlying Price Range for Swap Unfreeze	[0.995 - 1.005]
Buy Fee	0.2%
Sell Fee	0.2%
Exposure Cap	500,000 USDT
Facilitator Bucket Capacity	500,000 GHO
Swap Active	True

Next Steps

Upon the community expressing its preference for the initial parameters of the GHO Stability Module (GSM), the final deployment will be formally presented directly to the DAO through an AIP.