Stablecoin record
GHO
USD-pegged stablecoin governed by the Aave DAO and issued through governance-approved facilitators. GHO began on Ethereum with the Aave V3 Ethereum and FlashMinter facilitators and later expanded through canonical bridge and GSM infrastructure.
LifecycleActive
Events1
Sources4
| Symbol | GHO |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Protocol Redemption |
| Valuation source | GHO market price and DAO-governed stability mechanisms |
| Yield / rebase profile | No recorded change · Accrual: No recorded change |
| Classification notes | Aave-native facilitator-issued stablecoin. Borrower repayment, GSM conversion, canonical bridging, and secondary-market exit are distinct mechanisms. |
| Lifecycle status | Active |
| Issuance status | Protocol Based |
| Peg reference | Fiat · USD |
| Backing types | Crypto Collateral, Stablecoin Collateral, Mixed |
| Stabilization | Hybrid |
| Governance | DAO Governed |
| Primary organization | Aave DAO / Aave Protocol |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-14 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Aave DAO / Aave Protocol | Protocol Operator | 2023-07-15 | — | Active |
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Aave DAO / Aave Protocol
DAO and Protocol Ecosystem · Unknown
Event history
1 event connected to this stablecoin.
| Disclosure status | Protocol and Governance Transparent |
|---|---|
| Backing types | Crypto Collateral, Stablecoin Collateral, Mixed |
| Summary | GHO supply is created by Aave DAO-approved facilitators with governance-set bucket capacities. The original Aave V3 Ethereum facilitator mints GHO against collateral supplied to the market; other approved facilitators and stability modules can use distinct backing or conversion designs. |
| As of | 2026-06-14 |
| Profile confidence | High |
| Current status | Protocol Based |
|---|---|
| Settlement asset | Borrower collateral release, GSM-supported assets, canonical bridge output, or secondary-market assets |
| Eligible parties | Users of supported Aave markets, approved facilitator interfaces, GHO Stability Modules, canonical bridges, or secondary markets, subject to current protocol parameters. |
| Retail access | Protocol or Market Based |
| Institutional access | Protocol or Market Based |
| Minimum amount | Protocol-, module-, liquidity-, and transaction-dependent. |
| Fee | Borrow interest, GSM fees or spread, bridge costs, liquidity slippage, and gas may apply. |
| Settlement time | Protocol-, module-, bridge-, and network-dependent. |
| Regional limits |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 4 |
| Reserve reports | 0 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| 2023-07-15 | Aave DAO launches GHO on Ethereum | Launch | Migration | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| No reserve reports have been added yet. | ||||
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Ethereum | — | Canonical Issuance | Active | Unknown | Unknown | 0 | Not yet verified | Canonical GHO issuance began on Ethereum through Aave DAO-approved facilitators. The current token address must be extracted from the maintained Aave address book before it is fixed in this record. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| GHO Mainnet Launch | Aave Governance | Governance Proposal | Gho Mainnet Launch and Initial Facilitators | High |
| GHO Facilitators | Aave | Protocol Docs | Gho Facilitator Supply and Bucket Mechanics, Gho Aave V3 Ethereum Facilitator | High |
| GHO Stability Module | Aave | Protocol Docs | Gho Stability Module Conversion Mechanics | High |
| Bridging GHO | Aave | Protocol Docs | Gho Canonical Bridge and Remote Deployment Design | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Current Facilitator Inventory and Bucket Capacity | The complete current list of GHO facilitators, bucket capacities, supported backing routes, and active remote deployments has not yet been normalized into a dated SOG snapshot. | Medium | 2026-06-14 |
| Canonical Ethereum Contract Address | The canonical GHO Ethereum token address has not yet been extracted and pinned from the maintained Aave address-book source in this record. | High | 2026-06-14 |