Wrapped Aave Ethereum Lido GHO wallet

What is Wrapped Aave Ethereum Lido GHO (WAETHLIDOGHO)?

This token is the non-rebasing form of an Aave supply position in GHO, taken inside Aave's Lido market on Ethereum. GHO is the dollar-pegged stablecoin native to Aave, minted against collateral deposited in the protocol rather than issued against bank reserves. Supplying it to a lending market normally mints an aToken whose balance climbs by itself as interest accrues, which many contracts and accounting tools handle badly.

The wrapped version removes that behaviour. The balance is a fixed number of wrapper tokens and the interest accrual is expressed in the exchange rate between the wrapper and the underlying supply position, in the vault-share pattern ERC-4626 describes. So the count in your wallet will sit still even while the position it represents does not, and unwinding runs backwards through the same route: unwrap to the aToken, withdraw from the market, hold GHO.

One detail worth carrying: Aave runs separate market instances on Ethereum, and this wrapper belongs to the Lido one. A supply position in a different instance is a different token with a different name and address, even for the same underlying asset.

Supported networks in Tangem (1): Ethereum.

Nothing about this position requires your attention day to day, which makes the key the only thing you actually have to look after. On a Tangem card that key is generated in the secure element and stays there, and the backup is a duplicate card you keep somewhere else rather than a phrase written down, unless you deliberately choose the seed option. For a position you may not touch for a year, that is storage that ages well.