Rank #17GHOCrypto-Backed

Aave GHO

Pegged to

USD

Market Cap

$180.00M

24h Volume

$10.00M

Circulating Supply

180.00M GHO

Total Supply

180.00M GHO

Peg Target

USD

Collateral Type

Crypto-Backed

Issuer

Aave DAO

Launch Date

16-07-2023

About Aave GHO

GHO is the decentralised stablecoin of the Aave Protocol, the largest lending platform in DeFi. Users mint GHO by supplying collateral to Aave V3 and borrowing against it. Interest rates on GHO are set by Aave governance and can be discounted for stkAAVE holders. GHO revenue flows to the Aave DAO treasury, creating a sustainable revenue model. As a facilitator-based model, GHO can potentially be minted through multiple approved entities beyond just Aave V3, allowing for flexible expansion. GHO is designed to be multi-collateral and eventually multi-chain.

Supported Blockchains

Ethereum Arbitrum

Pros

Backed by Aave — largest DeFi lending protocol
Governance-controlled parameters
stkAAVE discount incentivises ecosystem
Revenue model benefits DAO treasury

Cons

Interest rate is not zero
Peg stability challenges in early days
Complex facilitator model
Currently limited chain availability

Key Features

Minted via Aave V3 collateral

Governance-set interest rates

stkAAVE holder rate discounts

Revenue to Aave DAO treasury

Facilitator-based minting model

Multi-collateral support

Stablecoin Information

Community & Socials

Website Twitter / X Discord Reddit GitHub