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

PANews reported on March 5th that the Aave community has launched a new proposal to introduce the sGHO savings product and implement Aave savings Interest Rate (ASR) to further drive the rise 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 vouchers that accumulate value instead of coins. The product does not charge deposit or withdrawal fees, and the deposited GHO will not be re-mortgaged, thereby reducing the risk of smart contracts and ensuring immediate liquidity. ASR's revenue will be supported by the income of the Aave protocol, providing a fixed or flexible Interest Rate linked to market fluctuations. The proposal anticipates that the launch of sGHO will significantly increase the circulation of GHO, helping it rise from the current $300 million to a higher level. It is worth noting that $1 billion in GHO revenue is equivalent to the revenue Aave DAO receives from $1 billion USDC.