Aave Launches High-Yield Savings App

Aave, the leading decentralized crypto lending platform, unveils a new consumer app offering up to 6.5% annualized yield, rivaling traditional savings accounts. The app, now open for waitlist on Apples App Store, allows direct bank, debit card, or stablecoin deposits, leveraging Aaves existing infrastructure. This move aligns with DeFi projects expanding into neobank services, following Aaves acquisition of Stable Finance. Despite past setbacks, Aaves user base of 2.5 million and $70 billion in deposits positions it strongly in the crypto market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.