Upgrading Aave's GSMs to deposit idle USDC and USDT into @aave is on track to deliver an estimated $1M a year in additional revenue.
This new revenue stream was made possible by depositing idle capital held in the GSM into Aave.
GHO Stability Modules Generates over $100K of revenue in the first 42 days for the @aave DAO
16th March - Aave DAO upgrades to using Gho Stability Modules that deposit idle assets into Aave Protocol
27th April - Revenue generated surpasses $100K
The market is flat, and still, the GSMs are on track to generate around 1M per year from the 47.3M of USDT + USDC deposited into Aave Core instance
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