Aave Savings GHO (sGHO) stablecoin analytics
Answer First
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. The vault's `asset()` is GHO and standard ERC-4626 `convertToAssets()` / `totalAssets()`...
Is sGHO safe?
sGHO holds a B- Safety Score grade (67/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Aave Savings GHO uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
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.
AI summary / Updated Sep 6, 2026
Aave Savings GHO (sGHO) is an ERC-4626 savings vault on Ethereum whose shares increase in GHO value as yield accrues. Deposits mint shares at the prevailing exchange rate, so one sGHO does not represent a fixed one GHO. The governance-set savings rate accrues on-chain, replacing the legacy sGHO product's separately claimed Merit rewards. Deposited GHO stays in the vault, while the DAO funds yield separately. The savings vault is non-slashable and distinct from Umbrella stkGHO, whose stakers absorb GHO-market...
AI summary · drafted by gpt-6-astra · facts as of Sep 6, 2026
Sources: Aave: Savings GHO documentation, Aave governance: sGHO launch configuration (March 25, 2026), and Aave: Umbrella documentation
- 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.
Next Actions
Exact bot target: /subscribe dews,depeg,safety sgho-aave
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 6, 2026.
sGHO quick answers
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. The vault's `asset()` is GHO and standard ERC-4626 `convertToAssets()` / `totalAssets()`...
Is sGHO safe?
sGHO holds a B- Safety Score grade (67/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Aave Savings GHO uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs sGHO?
Pharos classifies sGHO backing as Crypto-Collateralized. Collateral, per the static profile: 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. Reserve evidence: live reserve feed configured.
Can sGHO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for sGHO, when applicable, appear in the dossier below.
