Gho Token price

With 51 auto-compounding Aura vaults on @BeefyFinance, you can skip the farm and hit the beach. $GHO | $USDC (@Base): 12.4% APR $orbETH | $WETH (@Arbitrum): 10.6% APR $wstETH | $sDAI (@GnosisChain): 12.1% APR 🏖️

💡 News Two major whales purchased 29,739 AAVE today, with a total value of approximately $7.5 million. Address 0x372c used 5 million #USDC to buy 19,608 #AAVE; address 0xeBb4 used 2.5 million #GHO to buy 10,131 #AAVE, holding approximately $6.944 million and $2.980 million, respectively.

2 whales bought 29,739 $AAVE($7.5M) again today. 0x372c borrowed 5M $USDC from #Aave to buy 19,608 $AAVE 11 hours ago, now holding 280,673 $AAVE ($69.44M). 0xeBb4 borrowed 2.5M $GHO to buy 10,131 $AAVE 7 hours ago, now holding 120,513 $AAVE ($29.8M).

By ChandlerZ, Foresight News On June 5, Aave officially deployed the Umbrella security module. The module will be launched in phases, marking that AAVE will no longer directly bear the risk, and aToken holders will assume the responsibility for the risk, realizing the direct correlation between risk and return. What has changed with the Umbrella Security Module? The Umbrella security module is the core smart contract system used for risk management and incentives in the Aave protocol. Compared with the previous security module, Umbrella manages multiple StakeTokens associated with a single Aave v3 fund pool through the core contract Umbrella Core, which is responsible for slashing and gap compensation functions. The module defines two notch states: The first is the "Pending Deficit", which refers to the loss of funds that have been cut from StakeToken but have not yet been covered; The second is "Deficit Offset", which is a set threshold, and when the pool loss falls below this threshold, the reduction operation will not be triggered. For example, in the Aave v3 USDC pool on the Ethereum mainnet, if the gap offset is set to 500 USDC, the corresponding waUSDC staking tokens will be cut only when the loss exceeds that amount. In the specific process, when the fund pool generates a gap of 1,000 USDC, the automated system calls the slash function of Umbrella Core to offset based on the preset 500 USDC gap and actually reduce the waUSDC token of 500 USDC. The slashed token funds are transferred to the Aave Collector and these funds are no longer available for withdrawal by stakers. Subsequently, the entity with the override permission will call the coverPendingDeficit function to pull the corresponding funds from the Collector and call the eliminateReserveDeficit interface of the Aave v3 pool to complete the loss override. In terms of permission settings, Aave governance is responsible for configuring asset pairs, adjusting reduction parameters, and contract upgrades. The reduction operation is open to all users and can be triggered according to the contract rules to ensure that the system automatically responds to the risk of the pool. Gap coverage operations are restricted to entities that hold COVERAGE_MANAGER_ROLE, ensuring that the flow of funds is controlled and compliant. In addition, Umbrella provides a supporting user interface that allows users to staking, redeeming, activating cooldown periods, and claiming rewards. In order to simplify multi-step interactions, the MIT-licensed batch operation assistance contract UmbrellaBatchHelper is designed to facilitate third-party developers to integrate and optimize the user experience. Overall, the Umbrella security module improves the flexibility and transparency of the pool's risk control by introducing a detailed gap management mechanism and a clear division of authority, providing a solid technical foundation for the governance and operation of Aave DAO. What are the potential advantages and disadvantages of the Umbrella security module? For the protocol as a whole and users, the Umbrella security module has the following advantages and disadvantages: Potential benefits: Risk management refinement: Umbrella Core supports setting "gap offset" thresholds, and DAOs can set specific gap thresholds to decide whether to trigger reductions, improving the flexibility of handling minor losses. For example, when the loss is less than 100,000 USDC, it can be covered by Aave Collector first to avoid cutting the staked assets. Modularity and scalability: The Umbrella core manages each StakeToken instance in a unified manner, supports multi-network and multi-asset expansion, and facilitates the deployment of policies at the governance level. Open interface and UI support: An open-source front-end and helper contract (UmbrellaBatchHelper) are provided to enhance the user interaction experience and facilitate integration and secondary development. Potential Disadvantages and Risks: Staking rewards are linked to risk: Compared to traditional Safety Modules, stakers under Umbrella take on a clear risk of reduction. When the pool loses more than a set threshold, StakeTokens are deducted. For example, if you lose more than 500 USDC, the system will deduct the corresponding staked assets. Slashed assets are not recoverable: The slashed StakeToken is sent to the Aave Collector to cover the pool losses and cannot be redeemed by the staker. The system covers the risk through this mechanism, but the user permanently loses the corresponding asset. Dependent Permission Role Operations: If the fund override operation needs to be triggered by an entity holding COVERAGE_MANAGER_ROLE, if there is a delay in governance or operation, it may affect the efficiency of risk disposal. The transition mechanism is complicated: At the initial stage of Umbrella launch, stkAAVE/stkABPT and Umbrella StakeToken will exist in parallel, so users need to pay attention to the migration path and incentive changes to prevent misunderstandings or operational errors caused by adjustments. The staking income that users care about In the Umbrella module, the user's staking rate of return is set by governance and dynamically adjusted with the total amount of staking and the balance of the reward pool. Each type of StakeToken (e.g., waUSDC, waGHO) needs to be initialized through a governance proposal to configure its target liquidity, reward cap per unit time, and distribution cycle, and the reward funds come from a preset rewardPayer address, usually the Collector of Aave DAO or its sub-accounts. Taking USDC as an example, if the target liquidity is 1 million USDC and only 500,000 actual stakes are made at the initial stage, the rewards per unit time will be distributed centrally, and the yield will be relatively higher. As the amount of staking increases, the yield tends to the target level set by governance. If the reward funds are insufficient or delayed, the rate of return may decrease or even be interrupted. It is worth noting that GHO stakers have been particularly affected by this migration. Since the target liquidity and annualized incentive cap set by the Umbrella module for waGHO is significantly lower than the subsidy level of stkGHO in the old version of the security module, it may lead to its annualized rate of return expected to drop from 13% to about 7.7%, which may also affect the market demand and overall issuance rhythm of GHO. In addition, unlike the previous version of the security module, Umbrella allows for flexible rewards on a per-asset basis, which is easier to link with the protocol's risk level. However, users' earnings are highly dependent on governance efficiency and capital scheduling capabilities, and it is necessary to pay attention to the progress of governance and the status of each network reward pool to evaluate the trade-off between potential returns and liquidity risks. brief summary In May 2025, Aave maintained high liquidity on major chains such as Ethereum and Arbitrum, coupled with a flash loan business fee of 0.09%, combined with a large loan size, driving the protocol's monthly revenue to about $39 million. Based on this, Aave has a market share of more than 50% in the money market segment. Although the AAVE token price has not yet broken through its all-time highs, it has performed relatively solidly as an established DeFi project. Consolidated operational metrics show that Aave's dominance in the crypto lending market remains at a nearly two-year high. The launch of the Umbrella security module reflects Aave's continued commitment to product and risk management. The current business foundation is relatively solid, and if the current pace of innovation is maintained, the future performance is expected to improve. This continuous optimization and improvement also provides a reference for other DeFi projects. In an environment of increased competition, the continuous updating of technology and products is the key to maintaining competitiveness and achieving long-term growth.