← GHOreviewed 2026-09-07 · 16 claims checked
Fact-check findings
What an automated fact-checker found when it re-read GHO against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
1 claimNo source the reviewer could reach confirms or contradicts the claim.
- #12[unverifiable][awaiting moderator]in section: Supply Growth and Current Status
“Reporting indicates GHO's market cap crossed $500 million in early 2026 and reached approximately $648 million by late June 2026, with circulating supply figures cited around 580–650 million tokens at various points in the period”
reviewerGHO's market cap crossed $500 million in early 2026 and reached approximately $648 million by late June 2026, with circulating supply cited around 580-650 million tokens.The $500M-in-early-2026 portion is confirmed; the specific $648M-by-late-June figure could not be independently corroborated from a fixed dated snapshot, though it falls within the range seen in other market-cap data ($483M-$698M across 2025-2026).
stale
1 claimThe claim was accurate when written but events since have overtaken it.
- #6[stale][awaiting moderator]in section: Interest Rate Mechanism and stkAAVE Discount
“Borrowers who stake AAVE tokens in Aave's Safety Module to receive stkAAVE are eligible for a discounted GHO borrowing rate, with the discount applying on a fixed ratio (reported as roughly 100 GHO of discounted borrowing per 1 stkAAVE held, subject to a governance-set per-stkAAVE cap and discount percentage).”
reviewerBorrowers who stake AAVE tokens to receive stkAAVE are eligible for a discounted GHO borrowing rate on a fixed ratio of roughly 100 GHO per 1 stkAAVE, and this is presented as GHO's current interest-rate mechanism.Sources conflict: the page's own cited eco.com article (July 2026) says the discount is active, but Aave's official v3.4 protocol changelog (a primary, tier-1 source) documents its deprecation, and Aave V4 launched on mainnet March 30, 2026. Given the primary-source changelog outranks a third-party support article, this section likely describes a superseded mechanism as current; flagged as stale rather than confirmed.Proposed correction (not yet applied)Borrowers who staked AAVE tokens in Aave's Safety Module to receive stkAAVE were previously eligible for a discounted GHO borrowing rate on a fixed ratio (reported as roughly 100 GHO of discounted borrowing per 1 stkAAVE held, subject to a governance-set per-stkAAVE cap and discount percentage); Aave's official v3.4 protocol documentation states this discount mechanism was deprecated, with stkAAVE holder benefits subsequently restructured around a broader Anti-GHO revenue-sharing mechanism following Aave V4's March 2026 mainnet launch.
partially supported
2 claimsThe cited evidence supports part of the claim but not all of it.
- #10[partially supported][awaiting moderator]in section: Aave Chan Initiative Exit and Governance Turmoil
“Zeller stated the episode showed there was 'no role for an independent service provider' under these governance dynamics.”
reviewerZeller stated the episode showed there was 'no role for an independent service provider' under these governance dynamics.The quoted fragment is accurate as far as it goes, but the page substitutes its own paraphrase for the specific qualifying clause in Zeller's actual statement, which somewhat softens/genericizes the reported reasoning. - #15[partially supported][awaiting moderator]in the timeline
“Aave launches an sGHO savings vault offering a fixed 4.25% APR to retail depositors.”
reviewerAave launches an sGHO savings vault offering a fixed 4.25% APR to retail depositors, dated 2026-04.The underlying fact (4.25% fixed APR, April 2026 launch) is independently verifiable and accurate, but the specific source cited for this timeline entry does not itself state an APR figure, so the citation does not support the claim as stated.
confirmed
12 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: Peg Stability History
“GHO launched on Ethereum mainnet on July 15, 2023, with approximately 99% support in an Aave DAO governance vote.”
reviewerGHO launched on Ethereum mainnet on July 15, 2023, with approximately 99% support in an Aave DAO governance vote.Independently corroborated launch date and approval percentage. - #2[confirmed][no action needed]in section: Peg Stability History
“hovering between $0.97 and $0.99 for most of its early months, and briefly falling to roughly $0.94 on August 8, 2023”
reviewerGHO hovered between $0.97 and $0.99 for most of its early months, and briefly fell to roughly $0.94 on August 8, 2023.Verbatim match to the cited DL News article. - #3[confirmed][no action needed]in section: Peg Stability History
“stating that 'the focus on peg should come later' and framing early priorities around growing GHO's debt base rather than defending the price”
reviewerStani Kulechov stated that 'the focus on peg should come later.'Quote and framing accurately reflect the source. - #4[confirmed][no action needed]in section: Peg Stability History
“A separate, sharper depeg event occurred on July 31, 2023, lasting approximately two hours, which market observers linked to stress from a reentrancy exploit on Curve Finance that put pressure on several DeFi-native stablecoin pegs simultaneously, including FRAX and crvUSD alongside GHO.”
reviewerA separate, sharper depeg event occurred on July 31, 2023, lasting approximately two hours, linked to the Curve Finance reentrancy exploit which also pressured FRAX and crvUSD.The page correctly distinguishes the July 30 Curve exploit from the July 31 GHO depeg it triggered; this is not a date error. - #5[confirmed][no action needed]in section: Peg Stability History
“GHO did not durably return to its $1.00 peg until February 2024, roughly seven months after launch, following the rollout of stability mechanisms including the GHO Stability Module.”
reviewerGHO did not durably return to its $1.00 peg until February 2024, roughly seven months after launch, following the GHO Stability Module rollout.Confirmed by the cited source; 'roughly seven months' is a reasonable characterization of the DL News 'more than six months' framing. - #7[confirmed][no action needed]in section: GHO Stability Module (GSM) and Peg Defense
“LlamaRisk's analysis found that as of its review, the GSM represented only a marginal proportion of total GHO supply and therefore did not pose a significant risk at that time, though this assessment could change if GSM-facilitated supply grows.”
reviewerThe GSM allows swapping approved stablecoins for GHO at close to 1:1 minus a small fee, and LlamaRisk found GSM represented only a marginal proportion of total GHO supply at the time of its review.Accurately reflects the LlamaRisk research, including its point-in-time caveat. - #8[confirmed][no action needed]in section: Collateral Concentration Risk
“wstETH (~34%) and WETH (~16%) forming a large share of the collateral base as of the analysis period, alongside sDAI. LlamaRisk flagged that GHO's collateral ratio has fluctuated around roughly 260% overcollateralization, but identified a specific concentration risk around sDAI: because a single large borrower supplied most of the sDAI collateral backing GHO, the research estimated that a 10% depeg of sDAI could trigger liquidation of approximately 9% of total GHO debt.”
reviewerGHO's collateral is concentrated in wstETH (~34%) and WETH (~16%), collateral ratio around 260% overcollateralized, and a 10% sDAI depeg could liquidate ~9% of total GHO debt because one large borrower supplied most sDAI collateral.Figures match the LlamaRisk source precisely; page correctly frames this as 'as of the analysis period,' avoiding overstatement of currency. - #9[confirmed][no action needed]in section: Aave Chan Initiative Exit and Governance Turmoil
“According to CoinDesk, the dispute centered on 'Aave Will Win,' a roughly $51 million budget proposal for product development and Aave V4 expansion, which ACI opposed on the grounds that addresses tied to Aave Labs voted on their own funding request without what ACI considered adequate transparency; the proposal nonetheless passed its first vote with about 52% support.”
reviewerThe Aave Chan Initiative announced in early March 2026 it would not renew its DAO engagement and would wind down over four months, over a dispute regarding a roughly $51 million 'Aave Will Win' proposal that passed its first vote with about 52% support.Dollar figure, vote share, and characterization of the dispute all check out against the cited CoinDesk piece and corroborating Block reporting. - #11[confirmed][no action needed]in section: Aave Chan Initiative Exit and Governance Turmoil
“ACI had been credited with driving substantial GHO growth, reportedly helping scale GHO's supply from roughly $35 million to over $500 million over about three years.”
reviewerACI helped scale GHO's supply from roughly $35 million to over $500 million over about three years.Matches independently found reporting closely; figure is attributed to ACI itself in underlying coverage, which the page appropriately hedges with 'reportedly.' - #13[confirmed][no action needed]in section: Supply Growth and Current Status
“As of July 2026, GHO's price has been reported holding at or very near $1.00.”
reviewerGHO's price has been reported holding at or very near $1.00 as of July 2026.Corroborated by general market data and other reporting encountered during this review. - #14[confirmed][no action needed]in section: Supply Growth and Current Status
“a sGHO savings vault offering a fixed yield to retail depositors introduced around April 2026”
reviewerA sGHO savings vault offering a fixed yield to retail depositors was introduced around April 2026.Timing and description of a fixed-yield vault are confirmed by independent reporting. - #16[confirmed][no action needed]in section: Minting Model and Facilitators
“Additional facilitators have since been approved, including a FlashMinter facilitator for flash-minting, the GHO Stability Module (GSM) for stablecoin swaps, and cross-chain facilitators using Chainlink's CCIP to expand GHO to Arbitrum, Avalanche, and Base.”
reviewerGHO's minting model: Facilitators individually approved by Aave Governance with governance-set bucket capacities; Aave V3 Ethereum pool is the original/largest facilitator; additional facilitators include FlashMinter, GSM, and CCIP-based cross-chain facilitators to Arbitrum, Avalanche, and Base.Facilitator architecture description matches Aave's own documentation and independent reporting.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.