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sGHO

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."
2025-03-05
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sGHO
savings product
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