Say hello to GHO.
USD stablecoin backed by assets in Aave.
Live Price: $
A new kind of stable.
Mint GHO by supplying collateral in Aave. You earn interest on the collateral while the value of GHO is pegged to the US Dollar.
GHO at a glance.
%
Collateralization1 Yr Avg
+
GHO Minted1 Yr
+M
Market Cap
M
GHO in circulation1 Yr
Get to know GHO
Decentralised & Transparent
GHO is fully governed by the Aave DAO who votes on its development and future roadmap.
Learn MoreMulti-collateral Backing
GHO is backed by multiple diverse assets supplied in the Aave Protocol.
Learn MoreBuild with GHO
With as few as 10 lines of code, you can easily integrate GHO payments into your app.
Learn MoreFAQs
GHO is a decentralised, overcollateralised stablecoin that is fully backed, transparent, and native to the Aave Protocol.
The GHO Documentation is a comprehensive resource that explains the core mechanics of how the GHO stablecoin operates.
Borrowers and suppliers can mint GHO using assets they have supplied into V3 as collateral on Ethereum markets, while continuing to earn interests on their underlying assets.
The GHO pool functions differently from existing assets, but borrowing it will work similarly as other available assets on the different markets in the protocol.
- Supply Collateral
- Borrow GHO
- Repay GHO and Accrued Interest (real-time)
- Repaid interest will be redirected to the DAO, rather than an asset supplier, contributing to the DAO treasury.
Assets that are available in the Aave Protocol can be used to back GHO. Initially, the Ethereum V3 pool will be the first facilitator to launch because of V3’s extensive risk-mitigation features, including e-mode, isolation mode, and supply caps.
The Aave DAO manages the supply of GHO, the interest rates and determine risk parameters.
With 100% of repaid interest being redirected to the DAO, rather than the asset suppliers, these repaid interest contribute to the DAO treasury.
Unlike many stablecoins, the oracle price for GHO is fixed. Decentralised stablecoins such as GHO are transparent and cannot be changed. Interest rates are defined by Aave DAO and repaid interest is redirected to the DAO instead of the asset suppliers. Discounts are available to borrowers staking AAVE in the Safety Module.
Users who have staked AAVE tokens in the Safety Module (stkAave) are eligible for a discount on GHO.
For each stkAave there is a discount on the borrowing rate for 100 GHO. The discount model is interchangeable and can be redesigned and replaced if needed by The Aave DAO.
Currently only stkAAVE holders are eligible for the borrow rate discount.
GHO has a Flashmint Facilitator, that functions similarly to flashloan functionality of all other Aave Protocol reserves, and can be used to borrow GHO tokens for use cases requiring liquidity that is borrowed and returned within a single block.
Aave Governance has the ability to approve GHO facilitators that allow liquidity to be bridged to other networks. A facilitator utilizing Chainlink CCIP has been approved which enables tokens to be bridged to the Arbitrum network.
Bridging can be performed on the Aave Labs Interface by using the “Bridge GHO” feature in the top navigation bar.