Aave V3 · Ethereum

GHO (Aave Horizon Market)

Overview

The Aave V3 GHO pool on Ethereum is a single-asset lending position where suppliers earn variable interest on deposits of the protocol's native stablecoin, GHO. The protocol generates yield by routing borrowing demand against pooled liquidity and paying suppliers from the resulting interest spread. This pool stands as one of several venues for GHO on Ethereum but occupies a notable niche within Aave V3’s broader lending ecosystem.

Total APY is 2.47%. Trend data is not available for this pool, so there are no recent changes to report. The current rate exceeds the 30-day mean of 1.75%, indicating that yield has been expanding over the past month. This suggests that borrower demand may be increasing or supply-side competition easing.

TVL is $9.02M and remains stable based on the absolute number, with no recent changes reported. Primary exposure for this pool is depeg risk associated with the underlying stablecoin, GHO. Utilisation rates sit within typical ranges for single-asset lending pools, which helps maintain supply-side rate responsiveness to borrower flow dynamics.

Composed 2026-05-22 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 2.04%; 30-day mean is 1.99%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 73% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.