Update
Aave Proposes USDG Rollover with Lower Yields
Aave has proposed a rollover for its USDG stablecoin, which would allow borrowers to transition their existing USDG debt into a new USDG position with a fixed yield. However, the proposed rollover yields less than three of the quoted borrowing rates for USDT0, USDC, and USDG. This update highlights the potential impact on borrowers and the need for implementation of both Aave’s proposed rollover and the separate integration with OKX. The proposal also mentions the importance of reward eligibility and the separate integration with OKX for the rollover to be effective.