{"id":569204,"date":"2026-10-05T19:40:07","date_gmt":"2026-10-05T18:40:07","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=569204"},"modified":"2026-10-05T18:08:35","modified_gmt":"2026-10-05T17:08:35","slug":"aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/","title":{"rendered":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools"},"content":{"rendered":"<p>Aave\u2019s Ethereum Core market lists a 4.5% borrowing rate for GHO, aligning the stablecoin\u2019s borrowing cost with the savings rate TokenLogic reported on Oct. 2.<\/p>\n<p>The next test is whether the change brings USDC or USDT into the reserves available to savers who choose to convert withdrawn GHO into USDC or USDT.<\/p>\n<p>Aave describes its savings token (sGHO) as redeemable instantly into GHO, so a holder who wants USDC needs a separate conversion. A higher borrowing rate can change the incentive to repay, but the route used to acquire that repayment GHO determines whether stablecoins enter the reserves.<\/p>\n<p>The DAO service provider<a href=\"https:\/\/governance.aave.com\/t\/gho-stewards-october-2026-gho-borrow-rate-update\/25754\"> reported a depleted USDC GHO Stability Module<\/a> (GSM)\u00a0on Oct. 2, and said the rate increase should help replenish reserves if borrowers obtain repayment GHO through the modules.<\/p>\n<p>The effect on reserves depends on borrowers bringing stablecoins into those modules, and the new rate alone does not demonstrate improved <a href=\"https:\/\/cryptoslate.com\/coins\/usd-coin\/\">USDC conversion liquidity<\/a>.<\/p>\n<p><a href=\"https:\/\/aavescan.com\/ethereum-v3\/gho\">Aavescan\u2019s Core GHO data<\/a> dated Oct. 5 displays a 4.5% borrow APR. Its daily snapshots show 4.25% at midnight UTC on Oct. 3 and 4.5% at midnight on Oct. 4 and Oct. 5, locating the change between daily readings.<\/p>\n<p>TokenLogic\u2019s Oct. 2 notice proposed moving Core from 4.25% to 4.5%. It said borrowers could previously pay 4.25% to acquire GHO on Core and earn 4.5% in sGHO, leaving the DAO to fund the 25-basis-point difference. At an unchanged savings rate, the new Core rate eliminates that stated gap.<\/p>\n<p>That alignment is specific to Core and the 4.5% savings rate reported on Oct. 2.<\/p>\n<p>TokenLogic proposed a 3% base rate, up from 2.75%, and a 4.25% APR at optimal utilization, up from 4%. <a href=\"https:\/\/aavescan.com\/prime-v3\/gho\">Aavescan\u2019s Prime page<\/a> displayed 4.17% on Oct. 5 at 86.35% utilization, versus 4.22% in its midnight snapshot.<\/p>\n<h2>Repayment replenishes reserves only through the right route<\/h2>\n<p>TokenLogic describes two ways a borrower needing GHO can acquire it: buy on the secondary market, or exchange USDC or USDT through a GSM.<\/p>\n<p>Buying GHO can support its market price, while bringing stablecoins into a GSM adds the inventory that another GHO holder can later redeem against.<\/p>\n<p>That makes a fall in outstanding debt an incomplete measure of conversion liquidity, since repayment can occur without USDC reaching a module. Improved conversion liquidity requires stablecoins entering the reserve, beyond any change in GHO debt.<\/p>\n<p>Core\u2019s midnight snapshots recorded 116 million GHO borrowed on Oct. 2 and 115.8 million on Oct. 5.<\/p>\n<p><a href=\"https:\/\/www.aave.com\/docs\/ecosystem\/gho\/sgho\">Aave\u2019s native sGHO documentation<\/a> says users deposit GHO, receive vault shares, and redeem those shares for GHO without a cooldown. It also says deposited funds are not rehypothecated.<\/p>\n<p>Aave also documents a pause state and user-specific withdrawal limits. Those conditions affect live vault availability, separately from the inventory and liquidity needed to exchange the resulting GHO.<\/p>\n<figure id=\"attachment_569247\" aria-describedby=\"caption-attachment-569247\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"shoggoth-infographic shoggoth-infographic-portrait wp-image-569247\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469.png\" alt=\"Flow diagram of native sGHO redemption into GHO, separate USDC or USDT conversion, borrower repayment routes and the inventory, quote, pool cash and bridge conditions affecting access.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-c9f191e9-d4bf-4af8-bec1-60cf79f8b469-768x960.png 768w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/a><figcaption id=\"caption-attachment-569247\" class=\"wp-caption-text\">GHO exits require market conversion, while repayment routes depend on reserve inventory and pool liquidity.<\/figcaption><\/figure>\n<p>The <a href=\"https:\/\/governance.aave.com\/t\/remotegsm-upgrade-enabling-l2-gsms-for-gho\/24240\">RemoteGSM architecture<\/a>, described by TokenLogic in March, makes the inventory distinction explicit. Governance-approved facilitators supply preminted GHO to a GhoReserve, and GSMs draw and restore it under assigned limits.<\/p>\n<p>Room to distribute GHO is separate from the stablecoin inventory available for redemption. A higher limit can permit incoming swaps, but users still have to deliver the USDC or USDT.<\/p>\n<p>Aave Labs\u2019 <a href=\"https:\/\/governance.aave.com\/t\/arfc-aave-institutional\/25692\">institutional proposal<\/a> reported 19.2 million USDT on Ethereum and 40.7 million on Plasma as of Sept. 24, totaling 59.9 million USDT. It excluded USDC instances because their redeemable balances were negligible.<\/p>\n<p>TokenLogic\u2019s Oct. 2 update reported approximately 22.5 million USDT in a USDT GSM without labeling the network scope. Comparing that figure with the earlier Ethereum-plus-Plasma total would not establish an aggregate decline. Neither statement supplies matched Oct. 5 balances.<\/p>\n<p>Plasma provides a potential route to <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">USDT inventory<\/a> beyond Ethereum through Chainlink CCIP. Its usefulness depends on the time needed to bridge GHO and turn the module\u2019s assets into usable stablecoins.<\/p>\n<p><a href=\"https:\/\/gov.ethenafoundation.com\/t\/gho-and-sgho-as-eligible-backing-assets-for-usde\/847\">Kairos Research\u2019s September analysis<\/a>, using Sept. 8 readings, reported 40.6 million in nominal Plasma GSM redemption inventory against 38.6 million in underlying lending-pool cash.<\/p>\n\n<div class=\"cs-article-embed\">\n    <a href=\"https:\/\/cryptoslate.com\/55-million-aave-stablecoin-pool-sees-just-4-4-million-available-for-withdrawals\/\" class=\"cs-article-embed__link\">\n        <div class=\"cs-article-embed__body\">\n            <span class=\"cs-article-embed__related-reading\">Related Reading<\/span>\n            <h3 class=\"cs-article-embed__title\">$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals<\/h3>\n        <\/div>\n        <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\">\n            <i class=\"fa-light fa-arrow-up-right\"><\/i>\n        <\/span>\n    <\/a>\n<\/div>\n\n<p>Kairos also estimated at least 9.7 hours of rate-limit time to move 40 million GHO to Plasma under the bridge settings it measured. That assumed a full initial bucket and no competing traffic, and excluded message delivery and subsequent conversion steps.<\/p>\n<p>Fees require the same care. TokenLogic\u2019s <a href=\"https:\/\/governance.aave.com\/t\/gho-stewards-september-2026-gho-parameter-update\/25644\">September parameter notice<\/a> proposed 15-basis-point USDC redemption fees on Ethereum, Monad and Arbitrum, a 10-basis-point Ethereum USDT fee and zero mint fees.<\/p>\n<p>Its implementation language does not establish current executed fees. A usable exit depends on the current quote, inventory, and underlying liquidity together.<\/p>\n<h2>Institutional funding adds a duration test<\/h2>\n<p>Aave Labs seeks a 25-million-GHO facilitator and a separate route borrowing up to $25 million of USDC or USDT against DAO balance sheet assets. The planned initial balance-sheet route would use no GSM conversion inventory, and\u00a0Aave Labs said on Oct. 1 that the proposal had advanced to Snapshot.<\/p>\n<p>For the GHO route, the proposal prioritizes matched sGHO inflows, then <a href=\"https:\/\/cryptoslate.com\/markets\/\">secondary-market liquidity<\/a>, then GSM reserves. TokenLogic\u2019s Sept. 30 response adds a condition: matched inflows must last at least as long as the borrower\u2019s draw.<\/p>\n<p>That condition connects the rate story to the exit story. A matched inflow can provide lending currency while preserving GSM inventory at conversion, but TokenLogic argues that the funding must persist for the loan\u2019s duration to resolve the liquidity pressure.<\/p>\n<p>The duration condition applies to the proposed funding arrangement, while Aave describes deposited GHO in the native savings vault as held without rehypothecation.<\/p>\n<p>Evidence of success would be stablecoin inventory arriving and remaining available for conversion, with executable routes that account for fees, pool cash, and cross-chain access.<\/p>\n<p>Larger reserves or durable matched inflows could make exits easier. The higher Core APR establishes a change in borrowing cost, while its liquidity benefit depends on where the repayments and new deposits send the money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Core borrowing is indexed at 4.50%, while stablecoin exits depend on reserve inflows, conversion routes and funding duration.<\/p>\n","protected":false},"author":1264,"featured_media":569274,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,46940,77968,32631],"tags":[81080,72190,76896,76824,72860],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aave hikes GHO borrow rates to rescue depleted stablecoin pools<\/title>\n<meta name=\"description\" content=\"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aave hikes GHO borrow rates to rescue depleted stablecoin pools\" \/>\n<meta property=\"og:description\" content=\"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-05T18:40:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-05T17:08:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/gho-stablecoin-liquidity-balance.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Liam &#039;Akiba&#039; Wright\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@akibablade\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam 'Akiba' Wright\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person\",\"name\":\"Liam 'Akiba' Wright\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"jobTitle\":\"Editor-in-Chief\",\"description\":\"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.\",\"worksFor\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/x.com\/akibablade\",\"https:\/\/www.linkedin.com\/in\/liamandrewwright\",\"https:\/\/muckrack.com\/liam-wright\"]},\"headline\":\"Aave hikes GHO borrow rates to rescue depleted stablecoin pools\",\"datePublished\":\"2026-10-05T18:40:07+00:00\",\"dateModified\":\"2026-10-05T18:40:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\"},\"wordCount\":961,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"keywords\":[\"Aave\",\"ethereum\",\"Tether\",\"USDC\",\"USDT\"],\"articleSection\":[\"Analysis\",\"DeFi\",\"Featured\",\"Stablecoins\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\",\"url\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\",\"name\":\"Aave hikes GHO borrow rates to rescue depleted stablecoin pools\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2026-10-05T18:40:07+00:00\",\"dateModified\":\"2026-10-05T18:40:07+00:00\",\"description\":\"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aave hikes GHO borrow rates to rescue depleted stablecoin pools\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.crunchbase.com\/organization\/cryptoslate\",\"https:\/\/iq.wiki\/wiki\/cryptoslate\",\"https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ\",\"https:\/\/muckrack.com\/media-outlet\/cryptoslate\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e\",\"name\":\"Liam 'Akiba' Wright\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg\",\"caption\":\"Liam 'Akiba' Wright\"},\"description\":\"Also known as \\\"Akiba,\\\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.\",\"sameAs\":[\"https:\/\/www.akiba.gg\",\"https:\/\/www.instagram.com\/akibablade\",\"https:\/\/twitter.com\/akibablade\"],\"award\":[\"Most improved footballer - 1992\"],\"knowsAbout\":[\"Python\",\"Javascript\",\"PHP\",\"HTML\",\"Agentic Software\",\"Machine Learning\",\"2000s emo music\",\"Manchester United\"],\"knowsLanguage\":[\"English\",\"Spanish\"],\"url\":\"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools","description":"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/","og_locale":"en_US","og_type":"article","og_title":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools","og_description":"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.","og_url":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/","og_site_name":"CryptoSlate","article_published_time":"2026-10-05T18:40:07+00:00","article_modified_time":"2026-10-05T17:08:35+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/gho-stablecoin-liquidity-balance.webp","type":"image\/webp"}],"author":"Liam 'Akiba' Wright","twitter_card":"summary_large_image","twitter_creator":"@akibablade","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Liam 'Akiba' Wright","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/"},"author":{"@type":"Person","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#person","name":"Liam 'Akiba' Wright","url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"},"image":{"@type":"ImageObject","@id":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/#authorimage","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-300x300.jpg","caption":"Liam 'Akiba' Wright"},"jobTitle":"Editor-in-Chief","description":"Liam \u201cAkiba\u201d Wright is CryptoSlate\u2019s Editor-in-Chief, reporter and podcast producer, focused on decentralized tech\u2019s positive impact.","worksFor":{"@id":"https:\/\/cryptoslate.com\/#organization"},"sameAs":["https:\/\/www.akiba.gg","https:\/\/x.com\/akibablade","https:\/\/www.linkedin.com\/in\/liamandrewwright","https:\/\/muckrack.com\/liam-wright"]},"headline":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools","datePublished":"2026-10-05T18:40:07+00:00","dateModified":"2026-10-05T18:40:07+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/"},"wordCount":961,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"keywords":["Aave","ethereum","Tether","USDC","USDT"],"articleSection":["Analysis","DeFi","Featured","Stablecoins"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/","url":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/","name":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2026-10-05T18:40:07+00:00","dateModified":"2026-10-05T18:40:07+00:00","description":"Aave\u2019s 4.5% GHO borrowing rate closes the yield gap, with the next test whether repayments rebuild USDC and USDT liquidity for savers.","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/aave-hikes-gho-borrow-rates-to-rescue-depleted-stablecoin-pools\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"Aave hikes GHO borrow rates to rescue depleted stablecoin pools"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/t.me\/cryptoslatenews","https:\/\/www.crunchbase.com\/organization\/cryptoslate","https:\/\/iq.wiki\/wiki\/cryptoslate","https:\/\/news.google.com\/publications\/CAAqKggKIiRDQklTRlFnTWFoRUtEMk55ZVhCMGIzTnNZWFJsTG1OdmJTZ0FQAQ","https:\/\/muckrack.com\/media-outlet\/cryptoslate","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","correctionsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/contact\/?topic=advertising#contact-form","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/disclaimers\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/ea2b02b41a7478e18d903ca8eec4979e","name":"Liam 'Akiba' Wright","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-liam-akiba-wright-150x150.jpg","caption":"Liam 'Akiba' Wright"},"description":"Also known as \"Akiba,\" Liam Wright is the Editor-in-Chief at CryptoSlate and host of the SlateCast. He believes that together decentralized blockchain and AI technology have the potential to make widespread positive change.","sameAs":["https:\/\/www.akiba.gg","https:\/\/www.instagram.com\/akibablade","https:\/\/twitter.com\/akibablade"],"award":["Most improved footballer - 1992"],"knowsAbout":["Python","Javascript","PHP","HTML","Agentic Software","Machine Learning","2000s emo music","Manchester United"],"knowsLanguage":["English","Spanish"],"url":"https:\/\/cryptoslate.com\/author\/liam-akiba-wright\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/569204"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/1264"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=569204"}],"version-history":[{"count":3,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/569204\/revisions"}],"predecessor-version":[{"id":569287,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/569204\/revisions\/569287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/569274"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=569204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=569204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=569204"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=569204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}