🚨 Breaking News 📣 Aave Labs, the entity behind the AAVE protocol, is launching a consumer-facing yield app on the Apple App Store.
The new Aave App lets users earn up to 6.50 percent annually on stablecoin deposits, powered by Aave’s on chain infrastructure, with a balance protection up to US$1 million.
Early Access for the Aave App has started on iOS. Anyone can join the waitlist through the app and secure their place in the first rollout of what Aave Labs calls the future of savings 💸
Aave’s yield is powered by a simple on chain cycle that has operated at global scale for years:
• Savers deposit stablecoins into Aave’s liquidity pools
• Borrowers provide collateral to access those pools
• Borrowers pay interest to use the liquidity
• That interest becomes the yield savers earn
• Smart contracts adjust rates automatically based on supply and demand
• Everything is transparent, verifiable, and secured directly on chain
This is the mechanism behind the Aave App, a real financial engine with real usage now delivered through a simple mobile interface for everyday savers.
