Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Lens Chain plans to adopt Aave’s GHO stablecoin as native gas token

Lens Chain plans to adopt Aave’s GHO stablecoin as native gas token

The BlockThe Block2025/02/12 16:00
By:The Block

Quick Take Lens Chain will adopt Aave’s GHO stablecoin as its native gas token. GHO is a decentralized, overcollateralized stablecoin maintained by Aave Labs and pegged to the US dollar.

Lens Chain plans to adopt Aave’s GHO stablecoin as native gas token image 0

Lens Protocol, a Layer 2 SocialFi blockchain developed by Aave developers, said it would use a connected GHO stablecoin as the native gas token. This means that users interacting with the Lens Chain, particularly for transactions or smart contract executions, will use GHO to pay for gas fees instead of any other token.

GHO is a decentralized, overcollateralized stablecoin from Aave Labs that maintains a stable value pegged to the US dollar.

The adoption of GHO as the native gas token within Lens Chain aims to provide predictable and stable transaction fees. “Choosing GHO as the gas token is strategic and functional. Decentralized stablecoins like GHO offer transparency and predictable value,” the team said.

A framework for using GHO as a gas token was recently unveiled by Aave Labs, with Lens Chain becoming one of the first Layer 2 solutions to implement it. Both Lens and GHO were developed by the developers behind the lending protocol Aave, which now operates under the Avara umbrella.

Lens Chain is a Validium chain under development using the ZKsync stack. It leverages Avail for data availability. Last month, its developers said the mainnet launch was “coming soon” — although it had previously targeted to release it by Q4 of last year. The chain aims to serve as the infrastructure for Lens Protocol , a decentralized social graph where users control their data and interactions.

GHO will be integrated as a gas token using ZKsync’s “shared bridge,” serving as the main liquidity bridge to mint the stablecoin on Layer 2.

Lens Protocol has raised $46 million through different funding rounds. In December, it raised $31 million in a round led by Lightspeed Faction.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin Buying Surge Driven by U.S. Investors

Bitcoin sees a strong buying trend among U.S. investors, signaling a healthy recovery pattern after recent corrections.A Healthy Post-Correction RallyWhat This Means for the Crypto Market

Coinomedia2025/06/10 21:00
Bitcoin Buying Surge Driven by U.S. Investors

Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe

Looking for the best crypto to buy right now? Discover how BlockDAG is disrupting the market with massive growth past $293M raised, while Bitcoin (BTC) holds firm, and Ondo builds trust.BlockDAG Powers Ahead with $293M Raised in Presale!Bitcoin (BTC): The Bedrock of CryptoOndo Finance: Bridging TradFi With Tokenized BondsFinal Thoughts

Coinomedia2025/06/10 21:00
Here’s Why BlockDAG’s $293M Presale Makes It the Best Crypto to Buy, Bitcoin Holds, and Ondo Plays It Safe

Guggenheim Taps XRP Ledger for Digital Debt Expansion

Guggenheim partners with Ripple to bring digital debt products to the XRP Ledger, signaling confidence in blockchain finance.Ripple Partnership Powers Blockchain IntegrationWhat It Means for Crypto and Traditional Finance

Coinomedia2025/06/10 21:00
Guggenheim Taps XRP Ledger for Digital Debt Expansion