About 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 ...