Aave publishes the development progress of the decentralized over-collateralized stablecoin GHO. Aave stated that it plans to replace the V2 market with the V3 market as the main driver of GHO after the new Aave V3 market is deployed on Ethereum, and the GHO code previously deployed in Aave V2 has been audited by Open Zeppelin. In addition, Aave will allow "Facilitator" to mint and destroy GHO without trust, and a guiding framework on how to apply for this permission will be released in the future. Aave also stated that the deployment of GHO’s first testnet will be completed in the next few weeks.