Aave upgraded its savings GHO product to a new ERC-4626-compliant vault. The savings yield now accrues directly in the share-to-asset conversion rate with no weekly Merkl claims, no lockup period, and no rehypothecation of deposited funds. sGHO is a yield-bearing token that accrues interest over time.

The upgrade also brings GhoRouter, a stateless routing contract that enables USDC-to-sGHO conversions in a single transaction. ERC-4626 allows DeFi protocols to build on top of any vault without needing custom integrations. Legacy stkGHO holders must migrate manually, as rewards on the old contract will be reduced over a seven-week transition schedule.

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created