Overview
GHO is the native stablecoin of Aave Protocol, launched on Ethereum mainnet in July 2023. Unlike USDT or USDC, GHO is minted by Aave users by posting collateral in the Aave lending market — the same process as taking a loan. GHO has grown to over $200M in supply and is part of Aave's strategy to capture stablecoin revenue rather than paying external issuers. stkGHO stakers in the Safety Module earn discounted borrowing rates.
Who Created GHO?
GHO was created by Aave DAO and launched in 2023. It is a Crypto-Collateralized stablecoin designed to maintain a stable value pegged to the US dollar.
Key Features
- +Native to Aave — the largest DeFi lending protocol by TVL, with $20B+ in assets
- +Borrow rate is governance-controlled and currently below market, subsidized for adoption
- +stkGHO staking provides AAVE rewards and reduced borrowing rates for aligned holders
- +Multi-chain expansion to Arbitrum and Avalanche via Aave's cross-chain infrastructure
- +GHO revenue accrues to Aave DAO treasury — creates sustainable DAO revenue model
- +Deeply integrated with Aave's existing risk framework and oracles
Where to Use GHO
GHO is available on Ethereum, Arbitrum, Avalanche. You can use it on centralized exchanges for trading, in DeFi protocols for lending and borrowing, or as a stable store of value to park funds between trades.
Official website: https://gho.xyz