OGAudit Web3 Research: @GHO $GHO - The Native DeFi Dollar or an Ecosystem Locked Stablecoin? GHO has grown 245%+ in 2025 to over $580M in circulation, building a full yield product suite around Aave’s native dollar: - Overcollateralised CDPs via Aave V3 mint GHO against ETH, wBTC, stETH and other approved collateral with stkAAVE holders receiving discounted borrow rates (0–100% off) incentivising Safety Module participation. - sGHO (savings, 4.25% APR) and stkGHO (staked, 8.4% APY with slashing risk) transform GHO from a passive dollar into a yield generating asset with Chainlink CCIP bridging GHO live across Ethereum, Arbitrum, Base and Avalanche. - Aave V4 hub architecture (Phase 1 Q2 2026) positions GHO as the core settlement asset across all Spoke markets with a proposed Uniswap V4 CDP integration enabling GHO minting against LP positions and Aave Horizon targeting $1B in institutional RWA deposits. Is $580M in circulating supply, MiCA compliance and 8.4% APY staking the foundation for GHO becoming DeFi’s dominant native dollar or does the ACI governance exit cancelling GHO funding streams and deep Aave ecosystem dependency make it a protocol specific tool rather than a true stablecoin challenger? Category: Stablecoin Coin Name: $GHO Circulating Supply: 584.00M Market Cap: $583.73M Market Cap Rank: #93 OG (Trust) Score: 39.43 OG Score Rank: #645 Reviewed by 6 OG Auditors. See the full audit, reviews and more on the $GHO Coin page: ogaudit(.)com/crypto/gho-gho https://t.co/pIl1r5tBEM