GHO
Summary
GHO is a decentralized, crypto-collateralized stablecoin native to the Aave protocol, launched in July 2023 and minted through governance-approved 'Facilitators.' The token suffered a prolonged sub-$1 depeg for roughly seven months after launch and a sharper flash depeg during the July 2023 Curve Finance exploit, before stabilizing near $1.00 in 2024–2026 following the introduction of a Peg Stability Module-style mechanism. As of mid-2026, GHO's peg is largely stable and its supply has grown to roughly $500–650 million, but the protocol carries residual risks tied to collateral concentration, stablecoin-backed peg defenses, and recent turmoil in Aave DAO governance following the exit of the Aave Chan Initiative, a delegate that had driven much of GHO's growth.
Connected Entities
1 entities · 10 linked investigationsTimeline(8 events)
2023-07-15
GHO launches on Ethereum mainnet following an Aave DAO governance vote with approximately 99% approval.
AMBCrypto / DL News reporting2023-07-31
GHO depegs for roughly two hours amid market stress linked to a reentrancy exploit on Curve Finance that also pressured FRAX and crvUSD pegs.
BeInCrypto2023-08-08
GHO trades as low as approximately $0.94, its deepest reported discount to peg in the early post-launch period.
DL News2024-02-01
GHO returns to its $1.00 peg roughly seven months after launch, following introduction of the GHO Stability Module and related mechanisms; announced by Aave founder Stani Kulechov.
DL News2026-03-03
The Aave Chan Initiative announces it will not renew its Aave DAO engagement and will wind down over four months, following a governance dispute over a ~$51 million Aave Labs budget proposal.
CoinDesk2026-04-01
Aave launches an sGHO savings vault offering a fixed 4.25% APR to retail depositors.
Eco Support Center2026-07-10
GHO trades at approximately $1.00, with its peg reported holding within a basis point of target.
MetaMask price data / CoinMarketCap AI summaryDecision Log
- #1publish⛓ pending7/22/2026, 3:45:50 AMhash: FReqhBVqnjADAn8L3M6Sc6KkpF9KSjbCFzidfxFti11H
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 7/22/2026, 3:45:39 AM
last updated: 7/22/2026, 3:45:50 AM
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