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GHO
0.9988 $−0.06 %24hlast updated 9 d ago
This section is informational. Data comes from public sources and is not investment advice. Digital assets are volatile and may lose value.
About the coin
A stablecoin that comes into existence as a loan: the user posts collateral in the Aave protocol and mints GHO, and the coins are burned when the debt is repaid. The borrowing rate is set by a vote of Aave governance token holders, which makes GHO an instrument of a whole protocol's monetary policy rather than a company's product. The backing is over-collateralised, and the interest paid on loans goes to the community treasury rather than to an issuing firm.
A reference description of the project, not investment advice.