Aave upgrades SavingsGHO to new vault, offers 4.25% APR

Aave (AAVE) announced it has upgraded SavingsGHO to a new vault structure, offering an AaveSavingsRate (APR) of approximately 4.25%. The project also explained that rewards for the existing SavingsGHO (stkGHO) will end in about seven weeks, and users must manually migrate to the new vault to continue receiving them. The upgrade also includes the GhoRouter, which allows users to swap assets between USDC, GHO, and SavingsGHO in a single transaction. The migration and deposit functions are now available on the AaveApp.