Aave has announced an upgrade to its SavingsGHO, introducing a new vault with a 4.25% APR AaveSavingsRate. The upgrade requires users to migrate from the legacy SavingsGHO (stkGHO) within seven weeks to continue earning rewards. The new system features the GhoRouter, which facilitates seamless conversions between USDC, GHO, and SavingsGHO in a single transaction, streamlining asset migration and deposit processes.
The migration and deposit interfaces for the new SavingsGHO are now live on AaveApp, allowing users to easily transition to the updated system. This move aims to enhance user experience by simplifying the conversion and deposit procedures.
Aave Upgrades SavingsGHO to 4.25% APR, Ends Old Rewards in 7 Weeks
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