GHO stablecoin by Aave. ~$584M market cap. Over-collateralized. 5.5% APY on sGHO.
Overview
Ticker
GHO
Backing type
Crypto-backed
Market cap
$200M+
Peg currency
USD
Issuer
Aave DAO
Auditor
On-chain verifiable (audits by SigmaPrime, Certora)
Yield rate
—
Launch year
2023
Reserves
Over-collateralized by Aave V3 deposits (ETH, WBTC, stablecoins, LSTs)
Supported Chains
EthereumArbitrum
Regulatory
MiCA compliant
No
Jurisdiction
Decentralized (Aave DAO governance)
Features
Programmable✓
Rebaseable—
Permissioned—
Cross-chain✓
DeFi integrated✓
Institutional grade—
Use Cases
Borrowing against Aave depositsDeFi collateralFacilitator-based mintingDAO treasury diversification