GHO
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$0Infinity Supply
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Stablecoin
About GHOGHO is a decentralized stablecoin issued by the Aave protocol that maintains a 1:1 peg to the US dollar through over-collateralization and algorithmic stability mechanisms integrated directly into Aave's lending infrastructure. Built on Ethereum, GHO enables Aave users to mint the stablecoin by depositing supported collateral, creating a native stablecoin layer that deepens liquidity within the Aave ecosystem while maintaining regulatory compliance and transparent on-chain reserve composition. Unlike fiat-backed stablecoins, GHO's stability relies on collateral efficiency and active governance participation from AAVE token holders, who vote on minting parameters, collateral acceptance, and stability fees. Launched in 2023, GHO has attracted adoption within Aave's massive user base, with supply fluctuating based on collateral availability and user demand for native stablecoin minting. The stablecoin positions itself as an ecosystem-native alternative to external stablecoins, reducing dependency on USDC or USDT while enabling superior capital efficiency through Aave's lending protocols. Trading with moderate liquidity, GHO's growth depends on sustained Aave ecosystem expansion and competitive yield generation for borrowers and lenders, though adoption remains concentrated within Aave's protocol ecosystem rather than achieving broad DeFi composability.
Assets Details
Access Model
PermissionlessRedeemable
NoAttestations
NoCEX Listed
YesKYC to mint or redeem
NoTransferable
YesSelf Custody
Yes