Graph self-supervised learning has been vastly employed to learn representations from unlabeled graphs. Existing methods can be roughly divided into predictive learning and contrastive learning, where the latter one attracts more research attention with better empirical performance. We argue that, however, predictive models weaponed with latent augmentations and powerful decoder could achieve comparable or even better representation power than contrastive models. In this work, we introduce data augmentations into latent space for superior generalization and better efficiency. A novel graph decoder named Wiener Graph Deconvolutional Network is correspondingly designed to perform information reconstruction from augmented latent representations. Theoretical analysis proves the superior reconstruction ability of graph wiener filter. Extensive experimental results on various datasets demonstrate the effectiveness of our approach.