Savings GHO (sGHO) by Aave currently pays a higher yield than sUSDS, and more than every Spark Savings product as well.
Last week Sky cut its Savings Rate (sUSDS) from 3.60% to 3.52%. Back in February the rate stood at 4% and after several consecutive cuts it now sits at 3.52%. Spark Savings products also have been cutting the rates in the last months.
Current rates:
→ sGHO: 4.25%
→ sUSDS (Sky): 3.52%
→ Spark Savings (USDC/USDT/USDS/PYUSD): 2.75% to 3.52%
sGHO is currently paying 73bps above sUSDS.
GHO is Aave's native stablecoin, over-collateralized by assets held inside the protocol.
Savings GHO can be redeemed for GHO at any time, with no minimum deposit required. It provides a savings rate automatically, paid out in GHO, funded by two sources:
- interest paid by GHO borrowers, and
- yield earned on the stablecoin reserves that back GHO