menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Aave Unvei...
source image

Crypto-News-Flash

7d

read

291

img
dot

Image Credit: Crypto-News-Flash

Aave Unveils sGHO Savings with Aave Savings Rate (ASR)

  • Aave has introduced sGHO, a low-risk savings product called sGHO, through Aave Savings Rate (ASR). Users can earn interest on GHO through Aave's lending rates and borrowing incentives.
  • The sGHO savings product ensures stored GHO remains in smart contracts, reducing risks and offering yield from lending rates and borrowing incentives.
  • Besides sGHO, Aave has made other significant updates to their ecosystem, including tokenomics updates, new security measures, and integration with the Sonic blockchain for lending and borrowing activities.
  • Aave also implements a token buyback scheme and a new security system called 'Umbrella' to safeguard users from potential losses and maintain platform stability.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app