GHO: AAVE Stablecoin!

    GHO is a decentralized multi-collateral stablecoin that is fully backed, transparent and native to the Aave Protocol.

    Introduction
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    Gho Mint and Burn
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    Holders
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    In this analysis, we will explore the GHO token, which was recently introduced by AAVE.

    GHO is an inherent decentralized digital asset, backed by collateral, and pegged to the USD. It is generated when users borrow against various collateral types. When a user repays their GHO borrow position, the protocol automatically burns the corresponding GHO tokens. Notably, all the interest payments accrued by GHO minters will be directly transferred to the AaveDAO treasury.

    Within this dashboard, we examined the initial hours of GHO token minting and burning. Additionally, we analyzed the current GHO token holders, identifying both general holders and notable holders with larger stakes.

    More Info: Click Here

    Where GHO Holders come from?
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