GHO Token

The GHO token is Aave’s stablecoin and is pegged to the U.S. dollar. GHO is accessible by swapping on DEXs as Matcha, and it can also be minted directly through the Aave protocol.

GHO operates through a system of collateralized borrowing within the Aave protocol. Users can mint GHO by providing assets as collateral. GHO tokens are minted by approved facilitators and are burned when users repay their GHO loans, helping maintain stability.

Facilitators, such as Aave’s lending pool, are capped in the amount of GHO they can issue, allowing Aave Governance to manage total GHO supply and its alignment to demand.

GHO is available on Ethereum and Arbitrum.

GHO is developed and managed by the Aave Labs, the team responsible for the broader Aave protocol.

Aave was founded by Stani Kulechov in 2017 under the name ETHLend. The team has grown significantly, with Stani continuing as CEO.

The Aave protocol has since become a decentralized autonomous organization (DAO).

The Aave app, its interface and overall brand is is managed by Aave Labs. Aave Labs is one of the companies managed by Avara, a group of developers also responsible for GHO stablecoin, Family Wallet, and Lens.

GHO is an overcollateralized stablecoin specifically designed for decentralized finance (DeFi) within the Aave ecosystem.

An overcollateralized stablecoin is distinct because it relies on decentralized collateral and governance rather than being backed by fiat reserves.

The GHO stablecoin was launched on July 16, 2023.