Al-Driven Crypto Investment Research Revolution
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Al-Driven Crypto Investment Research Revolution
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GHO
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Al-Driven Crypto Investment Research Revolution
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Al-Driven Crypto Investment Research Revolution
GHO Token allocation
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GHO BasicReport a Data Error
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GHO Info
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Website
Explorers
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Sector
StableCoin
First issue time
Jul 14, 2023
GHO Intro
GHO is a decentralized stablecoin developed by the leading decentralized finance (DeFi) protocol Aave. GHO aims to maintain a stable value pegged to the US dollar, leveraging Aave's strong infrastructure to provide a reliable and secure digital asset.
Key Features of GHO:
- Stability: USD Pegged: GHO is pegged to the US dollar, ensuring that each GHO token maintains a stable value of around 1 USD. This stability is crucial for users seeking a reliable medium of exchange and store of value.
- Decentralization: Decentralized Issuance: Unlike centralized stablecoins, GHO is issued in a decentralized manner. Users can mint GHO by providing collateral within the Aave protocol, ensuring the entire process is trustless and transparent. Governance: The issuance and parameters of GHO are managed by the Aave community, utilizing decentralized governance to manage the stablecoin and adapt it to changing market conditions.
- Collateralization: Over-Collateralization: To mint GHO, users must provide collateral worth more than the GHO they wish to mint. This over-collateralization ensures that the stablecoin is fully backed and reduces the risk of de-pegging. Diverse Collateral Types: Users can use various types of collateral (including other cryptocurrencies supported by the Aave protocol) to mint GHO. This flexibility enhances the usability and accessibility of the stablecoin.
- Interest Rate Model: Dynamic Interest Rates: The borrowing and minting rates for GHO are determined by Aave's interest rate model, which adjusts according to supply and demand dynamics. This ensures that the rates are competitive and reflect market conditions. Revenue Distribution: The interest generated from GHO loans is distributed to Aave token holders and liquidity providers, incentivizing participation and supporting the overall health of the ecosystem.
- Integration with the Aave Ecosystem: Seamless Integration: GHO is fully integrated into the Aave ecosystem, allowing users to take advantage of Aave's full suite of DeFi services, including lending and staking. Liquidity Pools: GHO can be used in various liquidity pools within the Aave protocol, providing users with opportunities to earn yield and participate in DeFi activities.
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Q&A about GHO Tokenomics
Collateral:
- Over-Collateralization: GHO is minted by providing collateral worth more than the value of the GHO being issued. This ensures that the stablecoin is fully backed and maintains its peg to the US dollar.
- Diverse Collateral Types: Users can use various cryptocurrencies supported by the Aave protocol as collateral. Initially, the Ethereum V3 pool has facilitated this with its comprehensive risk mitigation features.
Issuance and Minting:
- Decentralized Issuance: GHO is issued in a decentralized manner. Borrowers can use collateral assets provided within the Aave protocol to mint GHO.
- Facilitators: Aave DAO designates entities known as facilitators to manage the minting and burning of GHO. Each facilitator has a specific limit on the amount of GHO they can mint, referred to as a "bucket."
Interest Rates and Revenue:
- Dynamic Interest Rates: The interest rate for borrowing GHO is determined by Aave's interest rate model, which adjusts based on supply and demand dynamics.
- Revenue Distribution: The interest generated from GHO loans flows directly to the Aave DAO treasury, rather than individual asset suppliers, thereby supporting the growth and sustainability of the protocol.
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GHO Price Live DataReport a Data Error
The live GHO price today is $0.9997 USD with a 24-hour trading volume of 30,784,462 USD. We update our GHO to USD price in real-time. GHO is 0.00% in the last 24 hours. The current SoSoValue marketcap ranking is # 158, with a live market cap of $ 368,310,481 USD. It has a circulating supply of 368,421,007 GHO coins and a max supply of ∞ GHO coins.
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