Gho

About Gho

GHO (GHO) is a decentralized stablecoin native to the Aave Protocol, pegged to the US dollar and operating on the Ethereum blockchain. Unlike traditional stablecoins, GHO is minted directly by users who provide collateral through Aave, allowing borrowers to generate liquidity without selling their assets. Interest payments on GHO borrowing are directed to the Aave DAO treasury, giving the community governance control over its monetary parameters. GHO sits at the center of Aave's broader DeFi ecosystem, designed to enhance capital efficiency and expand the protocol's stablecoin utility across decentralized finance applications.