GHO and sGHO as Eligible Backing Assets for USDe
A report by Kairos Research examines GHO and sGHO as potential backing assets for USDe, noting that while GHO's peg has held and Aave is overcollateralized, there are concerns about exit liquidity. The report highlights an asymmetry between minting and redemption capacities in Aave's stability modules, with exit capacity being significantly lower than minting capacity, particularly on the Ethereum chain.
- Estimated loss
- $50,000,000
- Protocols
- GHO, sGHO, USDe, Aave
- Chains
- Ethereum, Plasma
- Confidence
- High
- First seen
- 21 Sep 2026, 17:01 UTC