Wrapped Aave Arbitrum GHO wallet

What is Wrapped Aave Arbitrum GHO (WAARBGHO)?

GHO is unusual for a dollar token in that no company issues it. It is minted by the Aave protocol itself, against collateral that borrowers lock up, and burned when those positions are repaid. WAARBGHO goes one layer further: it is GHO supplied back into the Aave v3 market on Arbitrum One, held as a share token whose quantity stays constant while its redemption value in GHO edges upward.

For a holder the network question is the live one. GHO began on Ethereum and reaches other chains through a cross chain transfer system, so GHO on Arbitrum and GHO on Ethereum are the same asset in different places, and the wrapped share here belongs to Arbitrum alone. Tangem tracks each network as its own line rather than adding them together, and names the outgoing chain on the confirmation screen before the card signs, which is worth a glance every time, since an EVM address gives away nothing about which chain its owner is watching. Supported networks in Tangem (1): Arbitrum One.

Two more things to have straight. Redeeming the share gives you GHO, not dollars; converting further is a separate step. And the peg behind GHO comes from the protocol's collateral and its borrowing mechanics, not from a reserve account somewhere, which is a different thing to be comfortable with than a custodied stablecoin.

Fees on Arbitrum come out of ETH, so keep a little spare; without it the position cannot be touched even to unwind it.