
GHOgho#212
By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s
$0.9983
7d Change
-0.02%
30d Change
-0.10%
24h High
$0.000000
24h Low
$0.000000
Price Chart
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About GHO
GHO is a decentralized stablecoin native to the Aave protocol, minted by depositing collateral into Aave lending markets. Users can generate GHO against their collateral positions and benefit from protocol incentives. The stablecoin is governed by Aave's decentralized governance framework and maintains its peg through protocol mechanisms.
Primary use case: Enables users to mint a decentralized stablecoin by providing collateral to Aave lending protocols.
CoinHours Analysis
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Understanding GHO Price Data
The GHO price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.
Market capitalisation for GHO is calculated by multiplying the current price by the circulating supply — the number of GHO units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.
All-time high (ATH) figures reflect the peak USD price ever recorded for GHO on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.
GHO for Australian Investors
In Australia, the Australian Taxation Office (ATO) treats GHO and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding GHO for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.
Australian investors typically buy GHO through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the GHO protocol in plain English.
GHO FAQ
What is GHO and how does it work?
GHO is a decentralised stablecoin native to the Aave protocol. Users mint GHO by depositing collateral into Aave's lending markets, allowing them to generate the stablecoin whilst maintaining exposure to their underlying assets. The protocol maintains over-collateralisation requirements and uses algorithmic mechanisms to maintain its US dollar peg.
How is GHO different from other stablecoins like USDT or USDC?
Unlike centralised stablecoins backed by bank reserves, GHO is decentralised and backed by cryptocurrency collateral deposited in Aave. It's governed by Aave's community rather than a single entity, and its stability relies on protocol mechanisms rather than traditional banking infrastructure. Users can earn yield on collateral whilst minting GHO.
What are the main risks of using GHO?
Key risks include smart contract vulnerabilities, collateral volatility that could trigger liquidations, potential loss of the US dollar peg during market stress, and regulatory uncertainty. The experimental nature of algorithmic stablecoin mechanisms also presents long-term stability risks that haven't been fully tested across market cycles.
How does GHO affect Australian tax obligations?
The ATO treats GHO transactions as taxable events. Minting GHO against collateral may trigger capital gains tax, whilst trading or earning profits with GHO could be subject to income tax. Australian exchanges facilitating GHO must comply with AUSTRAC's anti-money laundering requirements.
Can I earn yield whilst holding GHO collateral?
Yes, one of GHO's key features is capital efficiency. When you deposit collateral in Aave to mint GHO, your underlying assets continue earning lending yields. This allows you to generate the stablecoin for other purposes whilst your collateral remains productive, though this comes with additional risks including liquidation exposure.
Who controls GHO's parameters and governance?
GHO is governed through Aave's decentralised governance framework, where AAVE token holders vote on protocol changes. The community can adjust parameters like interest rates, collateral types, and risk management settings. This decentralised approach means no single entity controls the stablecoin's operations or future development.
Frequently Asked Questions
How often is the GHO price updated?
CoinHours pulls live GHO pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.
Why does the GHO price differ between exchanges?
Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.
Is buying GHO legal in Australia?
Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.
What is market cap and why does it matter?
Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.
Should I store GHO on an exchange or in a wallet?
Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.
Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.