The Introduction of GHO: Aave's Native Decentralized Stablecoin
In July 2023, Aave released GHO, an Aave-native decentralized stablecoin backed by assets available in the Aave Protocol.
The introduction of GHO aims to provide a stable medium of exchange within the Aave ecosystem, enhancing liquidity and offering users a reliable asset for transactions.
This article will discuss the mechanics of GHO, its role within the Aave platform, and its potential impact on the broader stablecoin market.
This articles aims to provide in-depth analysis and insights into different aspects of Aave's developments and the broader DeFi ecosystem.