Aave proposes to launch sGHO savings product and introduce Aave savings Intrerest Rate (ASR)
The Aave community has launched a new proposal to introduce the sGHO savings product, and introduce Aave savings interest rate to promote the rise of stablecoin GHO. sGHO is a low-risk savings product, and users can earn compound interest based on ASR by depositing GHO, increasing the Circulating Supply. The ASR income is supported by Aave protocol, and it is expected that the introduction of sGHO will help GHO rise to a higher level, with each $100 million of GHO income equivalent to the income Aave DAO receives from $1 billion USDC.