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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.
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
Category
Crypto-BackedCollateral Type
Crypto-BackedIssuer
Aave DAO