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About GHO
GHO is a decentralized, overcollateralized stablecoin native to the Aave Protocol and pegged to the U.S. dollar. It is fully backed by assets supported on the Aave market, ensuring transparency and stability through on-chain collateralization. Operating as an ERC-20 token, GHO is minted by users via a facilitator model when they provide collateral and is burned when the position is repaid. All interest payments from GHO minting are directed to the Aave DAO treasury, aligning the asset with the protocol's governance.
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