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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Aave proposes to launch sGHO savings product and introduce Aave savings Intrerest Rate (ASR)
PANews reported on March 5th that the Aave community has launched a new proposal to introduce the sGHO savings product and implement Aave savings Interest Rate (ASR) to further drive the rise and adoption of its Stablecoin GHO. It is reported that sGHO is a low-risk savings product. Users can earn compound interest based on ASR by depositing GHO, while holding ERC-20 vouchers that accumulate value instead of coins. The product does not charge deposit or withdrawal fees, and the deposited GHO will not be re-mortgaged, thereby reducing the risk of smart contracts and ensuring immediate liquidity. ASR's revenue will be supported by the income of the Aave protocol, providing a fixed or flexible Interest Rate linked to market fluctuations. The proposal anticipates that the launch of sGHO will significantly increase the circulation of GHO, helping it rise from the current $300 million to a higher level. It is worth noting that $1 billion in GHO revenue is equivalent to the revenue Aave DAO receives from $1 billion USDC.