With the one year anniversary of GHO approaching, I wanted to attempt to quantify the success thus far of Aave’s native stablecoin.

After launching in July 2023, GHO has amassed a total supply of $88.9M. The borrow rate is designed to mirror other stablecoins, currently hovering between 7.7-11%.

The growth trajectory of GHO has been steady, though relatively underwhelming when compared to other decentralized stablecoins over the s