GHO's Stability Modules just went from ~$60M to $144.4M in two weeks. That's 46.7% of circulating GHO now issued through GSMs, with ~$50M coming from @monad alone. The interesting part is what these modules actually do. They let users swap GHO for other stablecoins near $1. And some of the backing sits in yield-bearing assets, earning for the Aave DAO instead of just sitting idle. So GHO gets more liquidity to help maintain its peg, while Aave can earn from part of that same capital. I like where this is going.
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