Aave Savings GHO (sGHO) stablecoin analytics
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.
Static Profile
Static stablecoin profile
Aave Savings GHO (sGHO) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
Aave's non-slashable GHO yield product — 1:1 deposits, governance-set savings rate, no cooldown — separate from the slashable Umbrella stkGHO safety module. Aave Savings GHO (sGHO) is the non-slashable GHO yield product offered alongside the slashable Umbrella stkGHO safety...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- GHO deposited into Aave's current sGHO / legacy stkGHO-compatible savings contract; reward emissions accrue to depositors in GHO at the Aave-governance-set savings rate
- 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.
Snippet Answer
Is sGHO safe?
Pharos does not mark sGHO as absolutely safe. 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 freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
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 May 15, 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 US Dollar peg 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()`...
What backs sGHO?
Pharos classifies sGHO backing as Crypto-Collateralized. Collateral, per the static profile: GHO deposited into Aave's current sGHO / legacy stkGHO-compatible savings contract; reward emissions accrue to depositors in GHO at the Aave-governance-set savings rate Reserve evidence: live reserve feed configured.
Can sGHO be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for sGHO, when applicable, appear in the dossier below.