Lens Chain Adopts GHO Stablecoin as Native Gas Token

Lens Chain, a Layer 2 SocialFi blockchain, has announced its plans to adopt the stablecoin GHO as its native Gas token. This decision, as reported by The Block, means that users interacting with Lens Chain, particularly during transactions or smart contract executions, will use GHO to pay for Gas fees instead of other tokens.

GHO, a decentralized, overcollateralized stablecoin introduced by Aave Labs, is designed to maintain a stable value pegged to the US dollar. This choice of GHO as the native Gas token is expected to provide users with a more predictable and stable cost for transactions on the Lens Chain network.

The adoption of GHO as the native Gas token is a strategic move by Lens Chain, aiming to enhance the user experience and foster growth within the SocialFi ecosystem. By utilizing a stablecoin for Gas fees, Lens Chain seeks to mitigate the volatility risks associated with other tokens, making transactions more predictable and accessible for users.

This development comes at a time when the blockchain industry is increasingly exploring the use of stablecoins for various purposes, including Gas fees. As the demand for stable and predictable transactions grows, more projects are likely to follow Lens Chain's lead and adopt stablecoins as their native Gas tokens.