sGHO (Savings GHO) product
Overview
sGHO (Savings GHO) is a yield-bearing token representing a savings position in the GHO stablecoin, issued by the Aave protocol. It accrues interest from the stability fees generated by GHO borrows. Users can mint sGHO by depositing GHO and redeem GHO at any time, with the accrued yield reflected in an increasing exchange rate.
Within the DeFi Intel graph, sGHO (Savings GHO) connects to 1 tracked entity, most strongly to Aave.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Aave | 70% |
Frequently asked questions
What is sGHO?
sGHO (Savings GHO) is a yield-bearing token representing a savings position in the GHO stablecoin, issued by the Aave protocol.
How does sGHO accrue interest?
sGHO accrues interest from the stability fees generated by GHO borrows, with the accrued yield reflected in an increasing exchange rate.
How can users mint and redeem sGHO?
Users can mint sGHO by depositing GHO and redeem GHO at any time.