{"title": "\"./yieldGhoVault\"", "logoImg": "bafkreihn2t3thaw3xw3ew7jxojkkwrisuuudvwrcqjnsce5tbg3olkkuti", "website": "https://github.com/Kanoopz/lfghoHackathon", "bannerImg": "bafkreihfzycawlmeu74shagvdqq3twqmwwafbninuy6munbvkfjc6e44ta", "createdAt": 1714077470672, "userGithub": "Kanoopz", "credentials": {}, "description": "\nThe \"./yieldGhoVault\" project aims to revolutionize the concept of stablecoin yield generation, addressing the current limitations of projects like USDC and USDT. While these stablecoins generate significant revenue from fiat collateral through treasury bond investments, they typically do not distribute these profits to their web3 users.\n\nOur platform offers a solution by providing three distinct avenues for yield generation, all stemming from the collateral used to issue the GHO stablecoin, with a 1 GHO: 1.5 USD value ratio. Firstly, users benefit from yield by supplying collateral to the Aave protocol, ensuring returns simply by holding the GHO stablecoin. Secondly, users can leverage their borrowing power through off-chain legal agreements, earning fees for lending.\n\nLastly, users have the option to leave their GHO stablecoin in the vault, where they can earn additional fees for providing liquidity for flash loans. Alternatively, they can utilize their holdings across various protocols, not limited to a single chain, thanks to Chainlink's Cross-Chain Interoperability Protocol (CCIP). This flexibility opens up a multitude of possibilities within the decentralized finance ecosystem.", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "lfghoHackathon", "projectTwitter": "eth_mty"}