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GHO

GHO GHOPrice $ 1.00

Rank: 214

GHO Price

1.00
0.002%
Price Range
LowHigh
$ 0.999$ 1.00

General Info

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# Token

+4

Description

GHO is a decentralized, collateral-backed stablecoin by AAVE.

GHO (GHO) Chart

GHO price Index provides the latest GHO price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

GHO to USD Converter

GHO (GHO)GHO

GHO Price Statistics

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Market Cap

$ 215.37M

Fully diluted value

FDV

$ 215.35M

ATH Market Cap

$ 216.01M


Vol. (24h) / MCap

0.00209

Total Supply

GHO 215,452,999

Circulating Supply

GHO 215.46M

(100% of Total Supply)

All Time High

$ 1.02

12 Dec 2023


All Time Low

$ 0.848

16 Aug 2023


From ATH

2.01%

From ATL

17.9%
Trending GHO Fiat Pairs

What is GHO (GHO)?

GHO is an upcoming stablecoin developed by the Aave. With community support, GHO can be launched on the Aave Protocol, allowing users to mint GHO against their supplied collaterals. GHO would be backed by a diversified set of crypto-assets chosen at the users’ discretion, while borrowers continue earning interest on their underlying collateral. As a decentralized stablecoin on the Ethereum Mainnet, GHO will be created by users (or borrowers). As with all borrowing on the Aave Protocol, a user must supply collateral (at a specific collateral ratio) to be able to mint GHO. Correspondingly, when a user repays a borrow position (or is liquidated), the GHO protocol burns that user’s GHO. All the interest payments accrued by minters of GHO would be directly transferred to the AaveDAO treasury; rather than the standard reserve factor collected when users borrow other assets.

GHO introduces the concept of Facilitators. A facilitator (e.g., a protocol, an entity, etc.) has the ability to trustlessly generate (and burn) GHO tokens. If this proposal is approved, then any facilitator would have to be approved by Aave Governance. Various facilitators will be able to apply different strategies to their generation of GHO.

Borrow interest rates for GHO will be determined by the AaveDAO, with a stable rate that may be adapted depending on market conditions. This design retains the Aave Protocol’s borrow interest rate model flexibility, and it will be possible in the future to implement any interest rate strategy the Aave community sees fit.

You can find more info about GHO here.

GHO Price Today

GHO's current price is $ 1.00, it has dropped -0% over the past 24 hours.

GHO's All Time High (ATH) of $ 1.02 was reached on 12 Dec 2023, and is currently -2.01% down.

The current circulating supply of GHO is 215.46 Million tokens, and the maximum supply of GHO is unlimited.

GHO’s 24 hour trading volume is $ 450.07 Thousands.

GHO's current share of the entire cryptocurrency market is 0.01%, with a market capitalization of $ 215.37 Million.

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