GHO

GHO Liquidity Committee: First month report

GHO, along with crvUSD, was one of the most anticipated stablecoins released this year. Tied to the Aave protocol, it provides more options for depositors to leverage their aTokens holdings. Unlike other stablecoins such as DAI or FRAX, GHO is not harnessing some devices sacrificing decentralization for peg, such as Maker’s Peg Stability Module (leading to an accumulation of centralized stablecoin as collateral) or FRAX’s AMO (which creates additional risk/centralization vectors through its controlling mutlisig).

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