GHO + sGHO

Stable and saving

The Aave-native stablecoin, paired with onchain savings.

Save with sGHOGet GHO

GHO + sGHO

Backed by Aave. Built to save.

GHO is the Aave-native USD stablecoin. sGHO is the onchain savings layer that pays you for holding it.

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Safe by design

Every GHO is backed by more than $1 of crypto held inside Aave.

Earning by default

Hold GHO, deposit into sGHO, earn the savings rate.

Liquid on demand

Swap from USDC or USDT at 1:1, or borrow against your crypto.

Savings, the Aave way

A simple way to save your dollars in GHO.

Deposit GHO, hold sGHO, and earn the savings rate. No lockup, no minimum, no cooldown.

Save with sGHO
0.00%

current sGHO savings rate

Deposit GHO, get sGHO

One transaction. sGHO arrives ready to earn.

Earn the savings rate

Your sGHO earns yield paid in GHO, set by Aave governance.

Withdraw any time

Redeem sGHO for GHO whenever you want.

The sGHO Rate

A live, onchain savings rate.

Set by Aave governance. Moved by the market. Paid in GHO.

sGHO Savings Rate vs Benchmarks

sGHO
T-Bills
Savings Account
sGHO APY from on-chain data•T-Bill: 3-month secondary market rate•Savings: FDIC national avg

How the yield works

Borrowers pay, you earn.

Yield comes from borrower interest and stablecoin reserves. Aave governance sets the rate.

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InterestYieldBorrowers pay interestBorrow GHO against Aave collateral. Fixedrate, lower than USDC or USDT.Reserves earn yieldStablecoin reserves backing GHO are heldas Aave-wrapped tokens, earning yield.Savings pool collects yieldBorrower interest andreserve yield collect here,in GHO. Aave governancesets the savings rate.sGHO holders earnYield is paid in GHO.sGHO grows in value overtime.No lockup, cooldownor slashing.YieldYield

About GHO

Aave's native dollar.

GHO is Aave's USD stablecoin — backed by crypto held in the protocol, with reserves always greater than supply.

0%

Total Backing

0M

GHO Total Supply

$0M

Total Reserves

Get GHO

Two paths to GHO.

GHO is decentralized credit, issued through Aave. Borrow against crypto or swap stablecoins.

Swap stablecoins for GHO.

Swap USDC, USDT for GHO at 1:1 — free to redeem. Reserves earn yield for sGHO.

0.00%

Max swap fee

Swap GHO

Borrow against your crypto.

Deposit crypto into Aave, borrow GHO. Fixed rate, lower than USDC or USDT.

0.00%

Current borrow rate

Borrow GHO

GHO Deeper

For the curious.

How GHO is governed, measured, and built on.

Decentralized & Transparent

GHO is fully governed by the Aave DAO who votes on its development and future roadmap.

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Multi-collateral Backing

GHO is backed by multiple different assets supplied into the Aave Protocol.

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Build with GHO

With as few as 10 lines of code, you can easily integrate GHO payments into your app.

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Open a GHO Credit Line

Custom credit for treasuries, fintechs, non-bank lenders, and market makers building on GHO. We'll work with you on size, rate, and structure.

Contact Us

Get Started

Start saving in GHO.

Your stablecoins should earn. Now they can.

Save with sGHO

Earn the savings rate. Withdraw any time.

Save with sGHO

Get GHO

Swap USDC or USDT at a fixed rate.

Get GHO

Borrow GHO

Against ETH, wBTC, or other Aave collateral.

Borrow GHO

FAQs

GHO is a decentralised, overcollateralised stablecoin that is fully backed, transparent, and native to the Aave Protocol.
The GHO Documentation is a comprehensive resource that explains the core mechanics of how the GHO stablecoin operates.
Borrowers and suppliers can mint GHO using assets they have supplied into V3 as collateral on Ethereum markets, while continuing to earn interests on their underlying assets.
The GHO pool functions differently from existing assets, but borrowing it will work similarly as other available assets on the different markets in the protocol.
  1. Supply Collateral
  2. Borrow GHO
  3. Repay GHO and Accrued Interest (real-time)
  4. Repaid interest will be redirected to the DAO, rather than an asset supplier, contributing to the DAO treasury.
Assets that are available in the Aave Protocol can be used to back GHO. Initially, the Ethereum V3 pool will be the first facilitator to launch because of V3's extensive risk-mitigation features, including e-mode, isolation mode, and supply caps.
The Aave DAO manages the supply of GHO, the interest rates and determine risk parameters.