$1.000
0%
$0.996
24h Range
$1.01
Market Cap
$164,657,415.0
Fully Diluted Valuation
$164,600,116.2
24 Hour Trading Vol
$5,733,328.0
Circulating Supply
164,632,713.5
Total Supply
164,632,713.5
Max Supply
∞
GHO Price
$1.000
24h Range
$0.996 - $1.01
Percent Change 1h
-0.03%
Percent Change 24h
0%
Percent Change 7d
0.09%
All-time high
$1.03
All-time low
$0.917
1D
7D
1M
1Y
GHO is a decentralized stablecoin developed by the Aave Protocol, designed to maintain a value pegged to the US dollar (USD). Launched in 2023, GHO aims to provide a stable and secure medium of exchange within the DeFi (Decentralized Finance) ecosystem. As a fully collateralized asset, GHO allows users to mint and redeem the coin against various crypto assets, maintaining its stability via smart contracts and a decentralized governance model. Its unique mechanism enables users to leverage their crypto holdings while participating in the Aave ecosystem, facilitating seamless transactions and lending opportunities.
GHO was developed by the team behind the Aave Protocol, which was co-founded by Stani Kulechov in 2020. Aave has established itself as a leading DeFi platform known for its innovative lending and borrowing services. The team comprises experienced blockchain developers and financial experts who aim to enhance the usability of DeFi products. As a community-driven project, GHO's ongoing development and governance are managed by Aave's decentralized autonomous organization (DAO), which includes contributions from numerous stakeholders and community members.
GHO operates on the Ethereum blockchain and employs a collateralized debt position (CDP) mechanism similar to that of MakerDAO's DAI. Users can mint GHO by providing collateral in the form of various cryptocurrencies, such as ETH or AAVE tokens. This collateralization ensures that GHO maintains its peg to the USD through over-collateralization, typically requiring users to lock up more value than the GHO they wish to mint.
When users mint GHO, they incur a stability fee, which is a small interest rate paid to the Aave protocol. This fee is essential for maintaining the overall stability and liquidity of the GHO ecosystem. The minted GHO can then be used for various purposes, including trading, lending, or participating in liquidity pools on the Aave platform.
To redeem GHO, users can repay their borrowed GHO amount along with any accrued fees, allowing them to unlock their collateral. The protocol utilizes smart contracts to automate these processes, ensuring transparency and security in all transactions.
GHO has several notable use cases within the DeFi ecosystem:
To ensure the safety of your GHO holdings, consider the following practices:
Investing in GHO (GHO) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy GHO: Once your account is funded, you can purchase GHO directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in GHO using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
GHO (GHO) is currently trading at $1.000 and exhibits good potential for future growth. Check the latest GHO (GHO) price prediction.
Recent Big Transactions
Recent Big Transactions
With any investment, your capital is at risk. The value of your portfolio with Botsfolio can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure ) for more information. By using this website, you accept our (Privacy Policy) (Terms & Conditions) .
© 2024 © Botsfolio