GHO is an overcollateralized stablecoin issued through Aave borrowing and facilitator limits. Peg stability, collateral risk, and Aave governance are central.
Investment View
For GHO, review peg support costs, facilitator capacity, Aave collateral quality, and stkAAVE discount incentives before supply growth.
GHO has matured from Aave collateralized stablecoin infrastructure into a DAO revenue asset, but sGHO costs and organic demand still need proof.
Investment View
Investment View: GHO maturity is beyond experiment, and the key test is covering sGHO costs while sustaining peg, liquidity, and DAO profitability.