Profile
sGHO profile facts
Aave Savings GHO (sGHO) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg GHO-denominated NAV.
Variant relationship
Aave Savings GHO (sGHO) is modeled as a savings variant of GHO (GHO). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- GHO deposited into Aave's ERC-4626 sGHO savings vault on Ethereum; share value accrues a governance-set fixed APR with no cooldown, no slashing, and no rehypothecation of deposited funds.
- Peg mechanism
- Deposit GHO into the ERC-4626 sGHO vault to mint sGHO shares; the share-to-GHO exchange rate rises as the Aave-governance-set savings rate accrues. The vault's `asset()` is GHO and standard ERC-4626 `convertToAssets()` / `totalAssets()` reads expose NAV per share. Pharos prices this entry from the vault's share exchange rate rather than secondary-market liquidity.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
sGHO quick answers
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What is Aave Savings GHO (sGHO)?
sGHO is Aave's savings wrapper of GHO; deposit GHO to earn the Aave governance-set savings rate in GHO, with GHO-tier CDP risk underneath. The static profile records its GHO-denominated NAV accounting mechanism as: Deposit GHO into the ERC-4626 sGHO vault to mint sGHO shares; the share-to-GHO exchange rate rises as the Aave-governance-set savings rate accrues.
Is sGHO safe?
As of Nov 8, 2026, Pharos grades sGHO C+ (62/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs sGHO?
Pharos records sGHO's reserves as of Oct 27, 2026 as 100% GHO deposited in Aave Savings module. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can sGHO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem sGHO?
Under the route Pharos reviewed on May 12, 2026, any holder can redeem sGHO for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
