Aave Founder: Plans to create low-risk savings product sGHO

Aave founder Stani Kulechov posted on social media that Aave is proposing to create an sGHO savings product by introducing the Aave Savings Rate (ASR). sGHO is a new low-risk savings product used to earn GHO returns based on the native AAVE loan interest rate and part of the incentive interest collected from GHO borrowing income. There are no withdrawal or deposit fees.

Stani Kulechov stated that it is expected that sGHO will increase the circulation of GHO to 300-500 million. To make a comparison from an income perspective: every 100 million GHO brings revenue equivalent to 1 billion USDC for Aave DAO.