Superstate Proposes Aave to Expand BUIDL GSM to Include its USTB
On September 13th, asset management firm Superstate announced it had submitted a TEMP CHECK proposal to Aave, proposing to expand the BUIDL GHO Stability Module (GSM) to include 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 effectively manage its stablecoin system. BUIDL is a token that represents traditional assets like cash and US Treasuries.
The concept of GSM originates from MakerDAO's PSM (Price Stability Module). Aave Labs explains that GSM's role is to ensure that Aave's stablecoin GHO can be exchanged at a 1:1 ratio with another asset (USDC) when demand increases or decreases.
