In image 1, I can identify specific addresses that have minted over 10% of the total GHO supply. Notably, these addresses show a history of no liquidations but some instances of repayment. This observation suggests that the whales are proactively managing their risks.
Observing the data in image 2, it becomes evident that GHO has encountered minor challenges in maintaining its peg when compared to other stablecoins like crvUSD, FRAX, and USDC. This phenomenon is quite common for newly launched stablecoins, especially during the phase of expanding their total supply and deepening liquidity within the pools.
Image 3 highlights that the primary collateral used for minting GHO is wstETH, followed by WETH as the second most utilized asset. This detail implies that any sudden drop in the price of ETH warrants attention, as such a scenario could lead to a significant decrease in the available GHO supply. In the event that GHO minters pay off their debts or face liquidation, the stablecoin's supply within the liquidity pools might diminish, resulting in substantial slippage for users seeking to exit their positions. Show Less
3
