Analysis
price change
N/A
liquidity change
$0.00
total volume
$0.00
buyers growth
0
buy pressure
$0.00
Insights
# | Wallet Address | Type | Balance | % Total Supply | Net Worth |
---|---|---|---|---|---|
97
22/34
positive markers
3/34
negative markers
Last Checked 20 Sep 2024
GoPlus Security Stats
FAQs
The GHO stablecoin is a decentralized, overcollateralized stablecoin native to the Aave protocol. GHO exist on the Ethereum network and follows the ERC-20 standard, programmed to be pegged to the US dollar.
For more information about GHO, make sure to read our in-depth GHO token analysis.
The GHO stablecoin is backed by assets that are compatible with the Aave protocol's Ethereum v3 pool. Any user who holds these assets can use them as collateral to mint GHO.
As a stablecoin pegged to the US dollar, the price of the GHO token should always be at $1, or at least close to that value. However, the mechanism of the token leaves a chance of occasional noticeable deviation from the $1 mark. This is where arbitraging comes into play and serves as a method of rather quickly bringing GHO back to its typical value.