Aave GHO

GHO is stablecoin issued on top of Aave v3 as a collateralized debt position (CDP). Users provide a collateral asset and mint GHO debt against it at a borrowing interest between 1%-1.51%.

The GHO stablecoin has an intended peg of 1-to-1 with the US dollar. Similar to Maker's DAI, it relies on arbitrageurs and a stability module to help preserve its peg. For more info on GHO check out the GHO documentation.