Google enables Blockchain based applications on Android
Google allows blockchain based apps and games on play store but with a twist. Aave activates GHO a crypto collateral stablecoin Ethereum.
Imagine you are a developer who loves to create new and exciting apps and games using blockchain technology. You have a brilliant idea for a game that lets players own and trade unique digital assets, such as NFTs, that they can use to customize their characters and environments. You want to share your game with millions of users on Google Play, but you are not sure if it meets the platform’s policies and guidelines.
Don’t worry, Google Play has got you covered!
Google Play has updated its policy to open new ways to transact blockchain-based digital content within apps and games on Google Play. From reimagining traditional games with user-owned content to boosting user loyalty through unique NFT rewards, Google Play is excited to see creative in-app experiences flourish and help developers expand their businesses.
But wait, there’s more!
As part of the policy update, Google Play is requiring that apps be transparent with users about tokenized digital assets. For example, if an app or game sells or enables users to earn tokenized digital assets, developers must declare this clearly. And while tokenized assets are meant to build more enriched, immersive experiences, as an added user protection, developers may not promote or glamorize any potential earning from playing or trading activities.
So what are you waiting for?
Start creating your amazing blockchain-based apps and games today!
Aave activates GHO on Eth mainnet
Aave Protocol executed the approved governance decision to release its decentralized stablecoin GHO on the Ethereum mainnet.
The decisive move is a result of executing the approved governance vote put forth by Aave’s decentralized autonomous organization earlier this week.
The GHO stablecoin was initially released on the Goerli testnet back in February 2023,
This development aligns with an industry trend that is seeing DeFi platforms roll out their own stablecoins. Curve Finance, one of the largest decentralized exchanges by trading volume, also launched its own overcollateralized stablecoin in May.
How GHO works
GHO will be backed by crypto assets like ether (ETH), with the Aave protocol issuing it as an overcollateralized loan, similar to DAI.
This method necessitates that users deposit crypto assets as collateral that exceeds the value of the amount they intend to borrow.
The GHO stablecoin relies on a smart contract system called Ethereum Facilitator. This system enables users to deposit collateral and lend out GHO, with all collateral stored in the Ethereum mainnet pool.
A crucial feature of the GHO stablecoin is that it will redirect all interest accrued from loans directly to the Aave DAO treasury. The Aave DAO will vote and govern decisions like acceptable collateral assets for GHO as well as risk parameters.