GHO: Aave's stablecoin, mintable with collateral, interest to AaveDAO.
GHO, Aave's upcoming stablecoin, lets users mint it against collateral, earning interest. Facilitators can also generate GHO, governed by the AaveDAO.
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What is GHO (GHO)?
GHO is a proposed stablecoin for the Aave protocol, designed to let users mint GHO by using their deposited crypto assets as collateral. Users will still earn interest on their collateral while borrowing GHO. This decentralized stablecoin on Ethereum will be created by users who provide collateral at a specific ratio, similar to borrowing other assets on Aave. When a user repays their loan or is liquidated, the GHO they borrowed is burned. Interest payments from GHO minters go directly to the AaveDAO treasury, differing from the standard reserve factor. A key feature is 'Facilitators,' entities or protocols approved by Aave Governance that can mint and burn GHO trustlessly using various strategies. The AaveDAO will determine GHO borrow interest rates, with the flexibility to adapt them to ...
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GHO price live information
As of now, GHO is trading at 1 USD, with a 24-hour trading volume of approximately 183.57K USD. The GHO to USD price is updated in real time. Over the past 24 hours, GHO has increased by 0.03%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 233.73M USD. Currently, there are 233 732 119.160444 GHO in circulation out of a maximum supply of 234 230 247.994222 GHO.
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