Aave founder proposes to launch sGHO savings product and introduce Aave Savings Rate (ASR)

ChainCatcher news, Aave founder Stani Kulechov stated that Aave is proposing to create a sGHO savings product by introducing the Aave Savings Rate (ASR). sGHO is a new low-risk savings product designed to earn GHO yields based on the native AAVE loan interest rates and a portion of the incentive rates derived from GHO borrowing income. There are no withdrawal or deposit fees.

Stani Kulechov said, "I expect sGHO will increase the circulation of GHO to 300-500 million. To make a comparison from a revenue perspective: every 100 million GHO brings in revenue equivalent to 1 billion USDC for the Aave DAO. sGHO will introduce a fundamental on-chain savings rate product for Aave users, which is a great entry product for new on-chain users."