On March 5th, the Aave community launched a new proposal to launch an sGHO savings product and introduce the Aave Savings Rate (ASR) to further drive the growth and adoption of its stablecoin GHO.
It is reported that sGHO is a low-risk savings product. Users can earn compound interest based on ASR by depositing GHO, while holding ERC-20 voucher tokens with cumulative value. The product does not charge deposit or withdrawal fees, and the deposited GHO is not re-collateralized, thus reducing the risk of smart contracts and ensuring instant liquidity.
The ASR's earnings will be supported by revenues from the Aave protocol, which provides fixed or flexible rates tied to market volatility. The proposal anticipates that the launch of sGHO will significantly increase the liquidity of GHO, helping it grow from its current $300 million to higher levels. Notably, each $100 million of GHO revenue is equivalent to the Aave DAO's earnings from the $1 billion USDC.
Aave proposes to launch sGHO savings products and introduce the Aave Savings Rate (ASR).
2025-03-05 08:41:15
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