1/8 Curve plan to scale ybBTC—bigger credit line, stronger crvUSD peg infra. Quick read: more room for Yield Basis (YB) and more robust peg plumbing. Pending governance vote. 👇

🧵2/8 UX Deposit BTC → get ybBTC (your share). Pick a lane： 🔹Unstaked: earn trading fees (BTC-denom). 🔹Staked (gauge): take YB emissions instead (you give up fees). You can vote-lock YB for governance + a fee slice.

🧵1/8 BTC LP without the usual IL? Meet Yield Basis (ybBTC). It tries to keep ~1× BTC exposure and collect AMM fees on Curve. 👇

🧵4/6 Chains & cross-chain GHO is native on Ethereum. Cross-chain primarily uses Chainlink CCIP & Across Protocol to Arbitrum / Base / Avalanche / Gnosis/Lens.

🧵3/6 Deep liquidity 🔹ETH: Balancer v3 GHO/USDC/USDT; Curve fxUSD/GHO. 🔹Base: Balancer v3 USDC/GHO. 🔹Arbitrum: Balancer v3 GHO/USDT/USDC. Route with 1inch / CoW Swap / ParaSwap; double-check pool + token. Live TVL/APR: @Token_Logic dashboards

🧵6/7 Pick your Aave market ✅Core: borrow‑only (supply disabled). Interest accrues; revenue → Aave DAO, mostly on repay ✅Prime: supply + borrow; deposit APR/reserve earnings may apply; separate knobs from Core. (Availability is instance‑specific.)

🧵4/7 GSM: near‑par swaps, guarded GSM swaps GHO ↔ approved stables near $1 Guardrails: fees, exposure caps, and pair‑level freeze/unfreeze via oracle bands (if an external stable exits band, that pair pauses). Fees → Aave DAO

🧵2/7 What GHO is & who controls it GHO = Aave's native, over‑collateralized stablecoin (launched Jul‑2023) 🔒 Lock collateral on Aave → borrow to mint via governance‑approved facilitators (with mint caps) 💰 Borrow interest → Aave DAO treasury

🧵6/9 Driver4⃣:New cohort $USDe ~$13.6B on Ethereum; a top‑3 stablecoin on L1 by size. It targets stability via delta‑neutral hedging—effective in normal times, but model/liquidity dependencies matter in stress.

🧵3/9 Driver1⃣: Rates × RWA rails Tokenized T‑bill funds on Ethereum keep pulling capital (BlackRock BUIDL ~ $2.09B; Ondo OUSG ~ $0.73B). These on‑chain money‑market rails lower friction for on‑chain cash management.