GHO Stablecoin product
Overview
GHO is Aave's native decentralised stablecoin, described in Aave's documentation as over-collateralised, fully backed, transparent and soft-pegged to the US dollar. Unlike ordinary Aave assets, GHO is not supplied by lenders: it is minted directly against collateral a user has already deposited into Aave, so its interest rate and available capacity are governed by a bespoke interest-rate strategy and by facilitator caps rather than by pool utilisation. Minting rights are delegated to approved 'facilitators' - smart contracts that can mint and burn GHO up to a governance-defined bucketCapacity - with the Aave V3 Ethereum market as the primary facilitator alongside a FlashMinter and a Stability Module. All GHO originates on Ethereum mainnet and is distributed to other networks over Chainlink's CCIP cross-chain messaging protocol; deployments span Ethereum, Arbitrum, Base, Avalanche, Gnosis and Mantle. Aave announced the launch of GHO in 2023, and because it is minted against Aave collateral, all interest paid on GHO borrowings accrues to the Aave DAO rather than to individual suppliers. Aave announced GHO in 2023 as a decentralised stablecoin backed by collateral deposited within the Aave protocol. It subsequently expanded beyond Ethereum to Arbitrum, Base, Avalanche, Gnosis and Mantle using Chainlink CCIP.
Within the DeFi Intel graph, GHO Stablecoin connects to 8 tracked entities, most strongly to Aave, Arbitrum, Plasma.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Aave | 95% |
deployed_on | Arbitrum | 85% |
deployed_on | Plasma | 85% |
deployed_on | Base | 80% |
acts_as | Aave-Chan Initiative | 80% |
deployed_on | Avalanche | 75% |
deployed_on | Linea | 70% |
backed_by_partnership | Sky Protocol | 70% |
Frequently asked questions
What is GHO Stablecoin?
GHO Stablecoin is a stablecoin tracked in the DeFi Intel knowledge graph. It is connected to 8 other tracked entities, most strongly to Aave, Arbitrum, Plasma.
What type of entity is GHO Stablecoin?
GHO Stablecoin is classified as a stablecoin (product) in the DeFi Intel knowledge graph.
What is GHO Stablecoin connected to?
In the DeFi Intel knowledge graph, GHO Stablecoin is linked to 8 other tracked entities, most strongly to Aave, Arbitrum, Plasma.
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