GHO GHO
Aave DAO
GHO is Aave's native overcollateralized stablecoin, mintable against deposits in Aave V3 markets. Interest paid on GHO goes directly to the Aave DAO treasury.
1chains
Ethereum$584.0M100.0%
Aave DAO
- Country of origin
- Decentralized
- Jurisdiction
- On-chain DAO governance
- Founded
- Nov 1, 2017
- Structure
- dao
- Stani Kulechov Founder · since 2017
Timeline
- Jul 15, 2023GHO mainnet launch on Ethereum
First Aave V3 facilitator goes live; GHO mintable against deposit collateral.
- Mar 22, 2024Aave Arc and Stable Module facilitators
Additional GHO facilitators expand minting capacity.
- Jan 10, 2025Cross-chain GHO via CCIP
Chainlink CCIP enables GHO movement across L2s.
Backing
Mechanism and reserves
Backing
Over-collateralized by Aave V3 supply positions — users mint GHO against existing aTokens. Mint rate set by Aave governance; stkAAVE holders get a discount.
Mint / redeem
Mint via Aave V3 facilitators by locking eligible collateral; burn GHO to close debt position. Interest rate is governance-set, not market-derived.
- On-chain (Aave subgraph) · Real-time View proof →
Reserve composition
- ETH and LSTs 48.0%
- WBTC 22.5%
- USDC supply 18.6%
- Other aTokens 10.9%
Networks and deployments
arbitrum Real-world use
- ›Borrowing against Aave deposits
- ›DeFi-native stablecoin liquidity
- ›Aave DAO revenue generation
Regulation and compliance
DAO-issued protocol-native stablecoin.
Specific risks
- ● Smart-contract risk on Aave V3
- ● Governance-set rate may diverge from market
- ● Liquidity smaller than peers
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How GHO fits in
This page is a structured snapshot of GHO as of 2026-05-31. For deeper analysis, see related blog posts on the blog index.