Native Aave overcollateralized stablecoin minted by locking approved collateral via Aave lending markets.
Historical peg variance
Tight peg90-day series · source: DeFi Llama
Chain distribution
Circulating supply by chain · updated 5d ago
Ethereum644.1M GHO92.2%
Monad54.9M GHO7.8%
Metadata
Peg targetUSD
Sub-categoryStablecoin
IssuerView network
ChainsArbitrum One
Arbitrum nativeNo
LiveLive
Founded—
Issuance
Backing & mint/redeem mechanics per the issuer.
Peg mechanismCrypto-backed
It is created by users via borrowing against multiple collateral. When user repays their GHO borrow position, the protocol burns that user's GHO. All the interest payments accrued by minters of GHO would be directly transferred to the AaveDAO treasury.
Published audits
github.com/aave/gho-core/tree/main/auditsAave V3 lending market
Live GHO reserve rates on Arbitrum.
Supply APY
3.44%
Borrow APY
4.43%
Variable
Utilization86.71%